Feb 12 2009

What a day. Can't say we exploited it to the fullest, this last hour rally wasn't easy to read by any means and even harder to chase after seeing all bounces being sold throughout the day. Still, almost all trades worked, and swing trade on PALM hit its $9 target. No complaints.

Session Time: Thu Feb 12 00:00:00 2009

[08:10] {Threei}  PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30 AM ET

[08:10] {Threei}  - Expectations for initial claims are 610K v prior release of 626K (range seen from 510K to 650K)

[08:10] {Threei}  - Continuing claims seen at 4.800M v prior 4.788M. (range seen from 4.710M to 4.860M)

[08:13] {larisa} good morning :)

[08:13] {Threei}  BALTIC DRY BULK INDEX - 3.2%, FIRST DECLINE IN 18 SESSIONS

[08:13] {Threei}  larisa :)

[08:13] {larisa} threei :)

[08:14] {nemo} Larisa :)

[08:14] {Threei}  if DRYS dropped so much during those 18 sessions, what happens top it now, lol

[08:14] {nemo} delisting

[08:14] {larisa} gm nemo :)

[08:30] {Threei}  NITIAL JOBLESS CLAIMS: 623K V 610KE

[08:30] {Threei}  CONTINUING CLAIMS: 4.810M V 4.800ME

[08:30] {Threei}  - Prior jobless claims revised from 626K to 631K

[08:31] {Threei}  JAN ADVANCE RETAIL SALES: 1.0% V -0.8%E; LESS AUTOS: 0.9*% V -0.4%E

[08:31] {Threei}  - Prior Advance Retail Sales revised from -2.7% to -3.0%

[08:31] {Threei}  - Prior Less Autos revised from -3.1% to -3.2%

[08:33] {Onix} gm all

[08:33] {Threei}  market is hungry for any good news

[08:33] {Threei}  onix :)

[08:33] {Threei}  retail sales look unexpctedly good

[08:41] {cujo} good morning

[08:41] {Threei}  cujo :)

[08:42] {nemo} canus domesticus :)

[08:43] {cujo} morning nemo

[08:44] {_livia} good morning

[08:44] {Threei}  livia :)

[08:45] {Threei}  (FR) FRENCH PM FILLON: WILL LIKELY NOT SEE FAST ECONOMIC RECOVERY

[08:45] {Threei}  - Fears concerning French auto bailout are not founded

[08:45] {Threei}  - Loands to French carmakers will be at the market inrterest rates

[08:45] {Threei}  - None of the conditions for auto loans are protectionist

[08:45] {Threei}  - Reminder on 02/11 EU's Kroes: Recently announced French car plans are 'clear protectionist' rhetoric

[08:57] {Threei}  so far, stimulus package being pushed through is not impressing market at all

[08:57] {nemo} no look at FAS/FAZ

[08:58] {Threei}  it's help to financials that market is very sensitive to

[08:58] {dino} gm all

[08:58] {Threei}  dino :)

[09:03] {pita} gm everyone

[09:03] {Threei}  pita :)

[09:03] {cujo} g'morning pita

[09:04] {pita} hey cujo

[09:08] {tomg} good morning all

[09:08] {Threei}  tom :)

[09:08] {Threei}  APOL got beating

[09:08] {Threei}  dino, your kind of stock maybe

[09:09] {Threei}  thin, moves in wide ranges

[09:12] {wulff} a link to a NY Magazine article about Daytrading if things get boring. Real good

[09:12] {wulff}     http://nymag.com/news/businessfinance/53617/

[09:16] {Threei}  very much reminds me articles about day tdaing of 1990s

[09:17] {Threei}  lol

[09:17] {Threei}  technical analysis, a controversial method of prediction based on studying buying and selling patterns.

[09:17] {Threei}  what is so controversial about that?

[09:18] {Threei}  FAS is back into yesterday's low

[09:18] {wulff} populace is oblivious

[09:19] {dino}  vad, magoo has lost all type of connection to your room, please email him the info

[09:19] {Threei}  just a sec dino, let me dig it out

[09:20] {Threei}  sent

[09:20] {dino} ty

[09:21] {Threei}  oh boy

[09:21] {Threei}  one of the most useless books ever written about tyrading is getting such a respectful reference:

[09:21] {Threei}  Even Burton Malkiel, the Princeton economist who wrote the 1973 best seller A Random Walk Down Wall Street, which argued that technical analysis is a bogus method of prediction, admits that its a strategy that seems to be working now.

[09:21] {Threei}  even?

[09:21] {Threei}  lol

[09:22] {fernp} Hello everybody

[09:22] {Threei}  fern :)

[09:22] {_bobv} hi

[09:22] {Threei}  bobv :)

[09:23] {Threei}  be back in 5

[09:23] {magoo} SIGH...

[09:24] {magoo} back in old style room

[09:24] {dino} apol done on cpla earnings, maybe?gap around 77-78

[09:24] {magoo} my shortcut icon is no longer valid

[09:26] {_bobv} seems today will be an interesting day, futures lower

[09:27] {nemo} did you move any files in your file manager mags?

[09:27] {dptl} good morning all

[09:28] {Threei}  magoo, dp :)

[09:28] {_bobv} gm

[09:29] {Threei}  RIMM is getting sold again

[09:31] {Threei} Short Setup: HIG  .70 break half lot if stays below .90

[09:33] {magoo} man, missed it and was ready

[09:33] {dino} big opening gaps 

[09:33] {Threei}  cover half or scalp

[09:33] {wulff} missed

[09:33] {fernp} too fast. missed

[09:33] {nemo} me too

[09:33] {Threei}  cover in full here who got it

[09:33] {tomg} ty vad

[09:33] {nemo} would have been NIiiiiceeeee

[09:33] {Threei}  tom :)

[09:33] {cujo} very nice

[09:34] {cujo} in .68 out 1/3 .40 1/3 .35 1/3 .34

[09:34] {dino} rimm upgrade

[09:34] {_bobv} gj

[09:35] {dino} nice guys

[09:35] {nemo} upgrade?  surprise...not...up $2

[09:36] {dino} feb lows ndx 1167, s/p 812

[09:36] {dino} dji broke them

[09:37] {wulff} XLF l .98

[09:38] {Threei}  REPORTEDLY RUSSIAN AUTO-MAKER GAZ FAILS TO MEET DEBT OBLIGATION ON ROUBLE DEMONINATED PUT BOND

[09:40] {dino} auto business sucks everywhere but china it seems

[09:40] {Threei}  NFLX, try to bid small shares .75

[09:40] {ese} morning

[09:41] {Threei}  stop under .50

[09:41] {Threei}  ese :)

[09:42] {dino} lod's

[09:43] {wulff} .65

[09:43] {dino} watching apol, fdo, dltr, emr, mcd, wmt

[09:44] {dino} darn apol, wanted hi 75s

[09:45] {Threei}  feel free to exit NFLX here

[09:45] {tomg} ty vad :)

[09:45] {Threei}  welcome

[09:46] {dino} memories..."that smell" on

[09:46] {pita} ty, got small piece

[09:46] {Threei}  pita :)

[09:46] {wulff} NFLX +.33

[09:46] {Threei}  cool beans

[09:46] {Threei}  easy money

[09:47] {Threei}  rarity these days

[09:47] {wulff} very

[09:47] {Threei}  (US) CONGRESSIONAL AIDE: VOTE ON STIMULUS BILL IN HOUSE NOT LIKELY UNTIL FRIDAY

[09:48] {Threei}  STEM CELL NAMES TRADING HIGHER AFTER REPORT PUBLISHED ON A STEM CELL SURGERY LEADING TO FREE A MAN FROM HIV

[09:48] {Threei}  - Report was published in the New England Journal of Medicine on Wednesday

[09:48] {Threei}  - The case was first reported in November

[09:48] {dino} and fri. they push it until tues (mon. holiday)

[09:48] {Threei}  GERN jumped on that

[09:48] {Threei}  don't chase

[09:48] {Threei}  GERN is heavy pullback stock

[09:49] {tomg} asia on pb vad?

[09:51] {Threei}  11.40 is nearest support... next is 11.20... let's observe how it behaves as it donticks to it

[09:51] {Threei}  02/11/09 04:24pm

[09:51] {Threei}  [ASIA] AsiaInfo Holdings, Inc. Reports Q4 $0.23 v $0.16e, R $53.7M v $49.1Me

[09:51] {Threei}  - Guides Q1 EPS $0.12-0.13 v $0.11e

[09:51] {dino} steppib=ng back

[09:51] {dino} stepping

[09:52] {fernp} cover XL +.20

[09:52] {Threei}  nice one fern

[09:52] {fernp} ty

[09:52] {dino} axys, rimm afam  appl green

[09:53] {Threei}  don't be in a rush to buy it here tom

[09:53] {Threei}  it's a treacherous stock

[09:53] {tomg} ok

[09:53] {dino} uh oh, feels bad

[09:53] {Threei}  failed first support with not so much as pause

[09:54] {Threei}  FAS

[09:54] {Threei}  watch for double bottom

[09:54] {Threei}  8 support

[09:55] {Threei}  if holding it, 8.11 long, semi-aggressive entry

[09:55] {Threei}  looks to fail rather though

[09:56] {dino} .

[09:56] {Threei}  yup, lost 8

[09:59] {patience} good morning RT  :)

[09:59] {Threei}  patience :)

[10:00] {Threei}  DEC BUSINESS INVENTORIES: -1.3% V -0.9%E

[10:01] {Threei}  how do ytou spell ugly?

[10:01] {dino} w/ capital letters

[10:02] {dino} under the obama takes over levels

[10:06] {tomg} fas?

[10:07] {Threei}  can't tell tom

[10:08] {tomg} ty

[10:08] {Threei}  best way to play it that I see is to try to get it as close to 8 as you can get with 7.95 stop

[10:08] {tomg} ok

[10:09] {dino} off 7% since monday highs

[10:12] {dino} afam, rimm, ms, axys green

[10:15] {nemo} see oil?  Somethin' ain't right.  Reminds me of the gold market for the last couple of months

[10:15] {Threei}  why is it not right?

[10:16] {nemo} dropped that much since yesterday?

[10:17] {Threei}  market is down... oil is moving with market lately

[10:17] {nemo} this is reminding me of what happened in reverse.  I look at gas prices and their movements aren't correlated with oil.

[10:17] {Threei}  with some divergencies here and there

[10:18] {Threei}  no, gas styarted its own life to a degree

[10:18] {nemo} Retail prices are going up 3-8 cents a week

[10:20] {Threei}  watching GG for long

[10:21] {dino} woring off higher inventory prices

[10:21] {dino} woking

[10:21] {dino} working

[10:21] {dino} i can't type

[10:22] {Threei}  as if anyone can

[10:22] {nemo} 110 words a minute

[10:22] {larisa} i can, correct way is wokring

[10:22] {Threei}  lol

[10:22] {dino} lol

[10:22] {Threei}  and notice, in my "lol" I confused first and second Ls

[10:23] {nemo} yeah, suppose to capitalize

[10:23] {Threei}  GG feels to me like setting up for a big move

[10:23] {Threei}  but finding entry onit is tricky

[10:23] {dino} bios holding fairly well

[10:24] {Threei}  SENATOR DODD: CREDIT CARD PRACTICES UNFAIR

[10:24] {Threei}  {MA V}

[10:25] {dino} rimm 50

[10:26] {Threei}  SENATOR DODD: CREDIT CARD COMPANY PRACTICES UNFAIR, COMPANIES WILL NOT BE ALLOWED TO "BILK" CUSTOMERS ANY LONGER

[10:26] {dino} think its more banks than v ma

[10:26] {magoo} UUUUUUUUUUUUGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG

[10:27] {nemo} lllllllllllllllyyyyyyyyyyyyyyyyyyyy

[10:27] {magoo} how do i make thids room window sytay on top as i look at other windows anyone?

[10:28] {ese} bstop QQQQ .00

[10:28] {magoo} its a setting..cant remember it

[10:28] {Threei}  RIMM is trying to form C&H

[10:29] {magoo} K..nemo..vad???

[10:29] {Threei}  I know for mirc mags, not for mibbit

[10:29] {ese} full lot

[10:29] {ese} l QQQQ

[10:30] {magoo} ok

[10:31] {fernp} keep on top utility. magoo. http://www.delayedreaction.com/freestuff/keepontop.zip

[10:31] {KSystems} thanks fern

[10:31] {KSystems} you need third-party software magoo, as mibbit cant do it by itself

[10:31] {fernp} :)

[10:31] {magoo} i need to download that?

[10:31] {fernp} yes

[10:32] {magoo} then what?

[10:32] {dino} watching apol, as cpla pushes higher

[10:32] {fernp} select mibbit window from the list

[10:33] {ese} dino are you in cpla....been watching that most of the morning

[10:34] {ese} thought long at 55.50  but didn't do it

[10:34] {ese} up 3 bill from there now

[10:34] {ese} was juuusssst a little tooo thin for my liking

[10:34] {dino} no unfortunately, using as tell for apol

[10:34] {magoo} i have to buy it it saysn

[10:34] {dino} 79.75 waiting

[10:35] {Threei} Long Setup:  RIMM  50 break half lot

[10:35] {Threei}  if stays above .80

[10:35] {magoo} says i need to purchase UnzipWizard..sound correct to u?

[10:35] {ese} if the q's go though 30    i'm thinkin up for the rest of the day....

[10:36] {fernp} no. it is free

[10:36] {magoo} not that link

[10:36] {wulff} plug the market back in

[10:37] {fernp} use this and click on "external mirror 1" http://www.softpedia.com/progDownload/Keep-On-Top-Download-67817.html

[10:37] {fernp} just downloaded and working fine

[10:38] {dino} magoo's gremlins will not allow it

[10:43] {magoo} .

[10:46] {Threei}  great... sharp spikes out of nowhere started

[10:46] {Threei}  next is big red bar I assume

[10:46] {magoo} am i here/been bumpred so many times

[10:46] {Threei}  yes mags

[10:46] {magoo} ty

[10:46] {magoo} i know i shouldnt have cursed the trading gods last nite

[10:47] {nemo} oh jeez...gotta' go make a sacrifice

[10:48] {magoo} maximus...i will sacrifice a 100 bulls {for the bull mkt 'ally guys}

[10:49] {nemo} boy, that's a lot of bs...

[10:49] {Threei}  RIMM setup is back

[10:50] {magoo} in .97 aggress

[10:51] {magoo} 'damm was watchin fas 7.90 area

[10:51] {fernp} under .80 stop?

[10:51] {Threei}  yes

[10:51] {Threei}  if triggers, not a scalp for me

[10:51] {Threei}  partial and let it trade

[10:52] {gen} gm everybody

[10:52] {dino} cyber issues

[10:52] {Threei}  gen :)

[10:52] {gen} Vad :)

[10:52] {Threei}  feels classic consolidation for a big break, just needs market help

[10:53] {dino} mcd sm l .05

[10:57] {cosmo} atvi healing

[10:58] {dino} guess apol not going to fill

[11:02] {Threei}  let's change tactic on RIMM

[11:02] {Threei}  .55 break

[11:03] {Threei}  stop .45

[11:03] {nemo} l or s?

[11:03] {nemo} I'll gather l

[11:05] {Threei}  half out

[11:05] {Threei}  or scalp if you like

[11:06] {Threei}  stop to under b/e

[11:07] {gen} thanks Vad :) +.15 RIMM

[11:07] {Threei}  :)

[11:07] {cujo} out +.15 as well.  thanks Vad. 

[11:08] {Threei}  welcome

[11:09] {cujo} nice audible Vad

[11:09] {Threei}  audible?

[11:09] {magoo} nice bioss

[11:09] {cujo} last min change of strategy in foot ball terms

[11:09] {buyemsellem} football reference, changing the play in the huddle

[11:10] {buyemsellem} by football i mean american football

[11:10] {Threei}  thanks... unfamiliar term :)

[11:10] {nemo} or at the line

[11:10] {buyemsellem} oh yeah, actually it's at the line you're right

[11:10] {nemo} yeah qb sees the defense, changes the play

[11:17] {dino} apol big pullback

[11:22] {Threei}  if market dives sharply, RIMM short on .50 break

[11:22] {Threei}  with stop above .60

[11:26] {dino} vad, did you forget what i said yesterday on rimm?

[11:26] {Threei}  remind me

[11:26] {larisa} you said 52

[11:26] {dino} indeed

[11:26] {wulff} any good ideas for my PALM target, ST?

[11:26] {magoo} powereing up here

[11:27] {Threei}  where are you long from on PALM?

[11:27] {wulff} 7.75

[11:28] {Threei}  if enough shares for partial, take half

[11:28] {wulff} 1 lot, sounds good

[11:28] {Threei}  and let it trade, with any meaningful market rebound 9 should be reachable

[11:29] {wulff} ty

[11:29] {Threei}  RIMM, 50 break is kind of lingering setup

[11:29] {Threei}  will be on and off, until finally breaks

[11:33] {Threei}  meanwhile, it looks quite scalpable on market moves

[11:33] {Threei}  as long as .50 is holding, it's bouncing from there when market helps

[11:35] {wulff} i think its over 50 in less than an hour

[11:37] {Threei}  yeah, coiling

[11:37] {ese} i'm otta here for a bit...still long Q's catch ya later

[11:37] {Threei}  take care ese

[11:38] {ese} see ya vad

[11:44] {Threei}  NQ went green

[11:47] {cujo} rimm refuses to break 50...

[11:48] {wulff} like yest.

[11:49] {magoo} if or once it does prob go to m52

[11:51] {Threei}  {RIMM} don't rush me, I do things on my own schedule

[11:55] {dino} ndx and naz are separating from general market lately, much stronger

[11:59] {nemo} So....can we blame this on Mags since he pissed off the trading gods?

[11:59] {Threei}  financials weigh on listed where they are represented much heavier

[12:00] {nemo} I wasn't looking for a rational explanation...I wanted an emotional knee-jerk response.

[12:00] {magoo} blame what? today is easier trading day

[12:00] {Threei}  I actually commented on dino

[12:00] {magoo} my GREMLINS are the gods response tio me

[12:00] {nemo} oh.....nevermind

[12:01] {magoo} btw..cramer over on site is actually pissed at naz strenght

[12:01] {magoo} he wants it to crash...hes out of touch

[12:01] {nemo} hedgies...he's blaming them

[12:02] {magoo} if Gs cant powerup...bodes bad for overall day

[12:03] {Threei}  I truly hope tou meant Qs and not some kind of Gstrings or something of that kind

[12:04] {nemo} Well, it is lunchtime...and Mags is probably...uh....eh.....web surfing

[12:04] {magoo} roflol..the latter or, um 

[12:04] {dino} afam?

[12:05] {Threei}  NIKKEI NEWS REPORTS TOYOTA TO START "WORK-SHARING" IN THE US AND UK

[12:05] {nemo} cutting hours

[12:08] {magoo} this vad will appreciate...saw a news clip of seenate hearings grilling bank execs...asked show of hands of all execs who have a private jet...HE HE they all look sheepishly at each other and slowly raise hands..everyone

[12:09] {Threei}  I hate this populism

[12:10] {Threei}  good CEO now is the one who rides the bus... bad - SUV and private jet

[12:10] {cujo} i hate Barney Frank

[12:10] {Threei}  I second that

[12:10] {nemo} Yeah...you can't explain them as productivity tools 

[12:10] {cosmo} those......banksters

[12:10] {cujo} in my opinion he is the next spitzer

[12:10] {dino}  i 3rd that

[12:11] {dino} his pets were the '92 mortgage changes and fnm, fre

[12:11] {Threei}  yup

[12:11] {Threei}  and now he is Mr Righteouus Indignation

[12:12] {dino} just wait until they find the school boy tapes

[12:17] {Threei}  wow

[12:17] {Threei}  US and Ruissian satellites collide in space

[12:17] {nemo} yeah, yesterday...

[12:17] {Threei}  just saw it

[12:17] {Threei}  do they need traffic lights up there or what

[12:18] {larisa} not enough space even in space :)

[12:18] {nemo} old russian spy sattelite and one of the Iridium...hahaha...global cellular satellites.

[12:18] {nemo} No, floating debris in orbit is a huge deal...Flecks of paint can go right through metal

[12:21] {Threei}  Iridium... now, that's name from the past

[12:21] {Threei}  symbol was IRID

[12:21] {nemo} Yeah...I was working in the industry back then.

[12:21] {Threei}  and I was trading the stock, lol

[12:21] {Threei}  PALM nice climb

[12:24] {Threei}  DJI -100, COMP practically flat

[12:24] {Threei}  some divergence

[12:24] {nemo} DJI is almost worthless...It's like that great athlete who shoulda' retired 5 years ago

[12:27] {Threei}  PALM tags the high 02/06

[12:30] {cujo} Vad, what was the set up on that NFLX from earlier?

[12:31] {Threei}  pullback into support

[12:31] {Threei}  on uotrending stock

[12:31] {cujo} thanks. 

[12:41] {Threei}  RIMM pulled back into 50

[12:42] {Threei}  see if market starts upticking from here to provide a scalp

[12:50] {magoo} .

[12:51] {magoo} need help....90 mm + how many inches exactly anyone?

[12:51] {magoo} = was equals

[12:51] {nemo} 2.54 cm to an inch 10 mm to a cm 

[12:51] {magoo} and 25mm = in inches?

[12:51] {Threei}  3.5433

[12:52] {magoo} 90mm = 3.5433 inches vad?

[12:52] {dino}  out mcd .45, +.40

[12:52] {Threei}  yes

[12:52] {cujo} nice trade dino

[12:52] {magoo} THANX

[12:52] {magoo} 25mm =?

[12:53] {larisa} what are you measuring magoo ?

[12:53] {cujo} .984 in

[12:53] {magoo} sons motocross suspension settings

[12:54] {larisa} http://www.convertunits.com/from/mm/to/inches

[12:54] {magoo} thanx cujo

[12:54] {cujo} np

[12:55] {Threei}  I don't know what I would be scared of more, that magoo answers larisa's question or sudden eartquake right under my house

[12:56] {nemo} He was heading off wise-ass comments at the pass.  I know...I was preparing one

[12:57] {magoo} neat site vad, thanx

[12:58] {magoo} she always did that to me when we were together lol

[13:09] {Threei}  yawn

[13:09] {cujo} some humor...

[13:09] {cujo} http://www.youtube.com/watch?v=WALIARHHLII&NR=1

[13:09] {nemo} just writing it made me yawn

[13:09] {nemo} watch "the smart dog" Vad

[13:10] {nemo} I used to live in SC...there' a lot of them...cute though

[13:11] {nemo} larisa dcc

[13:14] {pita} somebody waterboard me, I need to wake up...

[13:15] {pita} think I'll pick you all up later.

[13:15] {dino} sm l .60 apol

[13:17] {magoo} cramer is such a pessimst here..predicting dow 6000 or ;llowert

[13:21] {Threei}  if RIMM drops into 49 area, will be nice bounce opportunity

[13:22] {Threei}  I don't want to jump on this little bounces

[13:23] {Threei}  downtrend is fairly solid right now

[13:23] {Threei}  want nice flush

[13:23] {Threei}  look at FAS... what a misrey

[13:23] {Threei}  misery

[13:24] {Threei}  imagine what those who bet on big move on all those stimulus/TARPs feel holding FAS

[13:27] {nemo} three days of sell the news

[13:27] {Threei}  well... there was no real news to sell, lol

[13:27] {nemo} yeah...details

[13:27] {Threei}  to me, it looks different a bit

[13:27] {Threei}  market did want that news and was ready to ramp up

[13:28] {Threei}  selloff is disappoinment by absence of news

[13:28] {_bobv} I thnik the same

[13:29] {Threei}  CNBC'S GASPARINO: GOLDMAN HOSTED AN 'EMERGENCY MEETING' OVER GEITHNER PLAN, ATTENDEES DISCUSSED 'VIABILITY' OF A GEITHNER PLAN

[13:29] {Threei}  - Attendees agreed that underlying mortgages were what needed to be addressed

[13:29] {nemo} looking at FAS voulme picked up after lunch, but no capitulation

[13:29] {nemo} for whom...what's good for the country is unlikely good for Goldman

[13:30] {Threei}  yeah, I am not so sure addresing mortgages will solve anything

[13:30] {dawg} RIMM scalp .46 out .56 for chrissake small shares

[13:30] {Threei}  this becomes a new setup dawg

[13:31] {Threei}  scalp for crissake

[13:31] {dawg} yessir

[13:36] {dino}   lol

[13:37] {Threei}  here comes more serious selloff

[13:40] {nemo} we need a toilet flushing .wav file

[13:40] {Threei}  hawk, look dcc please

[13:41] {nemo} there was a computer cleaning program called "Clean up" that had one.  It made a flushing sound as it cleaned your computer

[13:42] {Threei}  DOW CUTS DIVIEND

[13:46] {Threei}  CUTS DIVIDEND 64% TO $0.15 FROM $0.42

[13:46] {Threei}  - payable April 30, 2009, to shareholders of record on March 31, 2009.

[13:46] {Threei}  - Board of Directors cited a confluence of factors, including uncertainty in the credit markets, unprecedented lower demand for chemical products, the ongoing global recession and pending business issues.

[13:46] {Threei}  - Note: This is the first time DOW has cut their dividend

[13:48] {Threei}  - Note: Dow has upheld or increased its dividend for over 385 consecutive quarters, back to 1911

[13:48] {Threei}  wow

[13:48] {dawg} RIMM for a scalp in .17 out .31 small shares

[13:49] {Threei}  chrissake setup

[13:49] {dawg} yessir

[13:51] {Threei}  GS

[13:51] {Threei}  RESPONDS TO REPORT BY CNBC'S GASPARINO: HAD A PREVIOUSLY SCHEDULED DINNER MEETING WITH CLIENTS ON FEB 10, WAS NOT A SECRET MEETING IN RESPONSE TO GEITHNER'S COMMENTS

[13:52] {Threei}  I suggest to shut down CNBC in order to provide for healthier markets

[13:52] {cujo} Personally i've moved to Bloomberg TV

[13:52] {Threei}  this is unbelievably irresponsible that some hack can move market by baseless speculations

[13:53] {cujo} worth it just to not hear Gasparino

[13:53] {cujo} aka the hack

[13:54] {Threei}  even loss of some nice-looking gals can be compensated easily if magoo shares thr sites he visits with us...

[13:56] {magoo} :)

[13:56] {magoo} vad, thouights on rest of day?

[13:58] {Threei}  up, but make it 51/49

[13:59] {Threei}  RIMM nicely bounced off 49.10

[13:59] {Threei}  not sure I want it here uinless it goes through new consolidation

[14:02] {Threei}  bounce zone again RIMM{ watch NASDAQfor guidance

[14:04] {magoo} .

[14:06] {Threei}  {--- waiting for dawg to report chrissake trade .41 - .63

[14:09] {dawg} GS bounce scalp for chrissake in .03 out .16

[14:09] {Threei}  lol

[14:09] {dawg} ).

[14:11] {Threei}  Monday is day off, right?

[14:11] {larisa} yup

[14:11] {nemo} bummer

[14:11] {patience} why?

[14:11] {Threei}  so, we have long weekend with stimulus bill most likely being signed over weekend

[14:11] {nemo} president's day

[14:11] {dptl} ye why?

[14:11] {nemo} President's Day

[14:11] {Threei}  what does it tell you about tomorrow's trading?

[14:12] {larisa} nothing

[14:12] {nemo} Don't want to get caught long

[14:12] {Threei}  larisa is right...

[14:12] {nemo} Yeah...just like the next two hours

[14:13] {larisa} I miss old good times, when smallest news moved stocks several points in right direction :)

[14:13] {Threei}  I am lost in these bill corrections

[14:13] {Threei}  reps fought it, and they were all for tax cuts,

[14:13] {Threei}  so how come compromise version prsentes less tax ioncentives?

[14:14] {nemo} Because more than 1/3 of the "working" population pays no taxes already, only fica and medicare.

[14:15] {magoo} i truly miss those continuing days when down 400 treversed to up 300

[14:15] {Threei}  what is it, nostalgy night?

[14:15] {patience} see you tomorrow guys

[14:16] {Threei}  take care patience

[14:16] {cujo} c ya

[14:16] {dino} out apol .65, +1.05

[14:16] {larisa} nice

[14:16] {dino} ty

[14:16] {Threei}  beauty

[14:16] {magoo} WOW

[14:17] {cujo} RIMM gettin near 50 again

[14:19] {dino} with cramer preaching crash, most likely we go up 300-400 pts in a day or two. he's always saying get out around 8000 and buy 8400

[14:19] {Threei}  well, you have to give it to him... he is consistent

[14:20] {cujo} Just remembering his Bear Sterns rant...

[14:20] {cujo} that was great. 

[14:20] {Threei}  so far, feels to me like solidly green day tomorrow

[14:20] {larisa} tomorrow is friday 13th too..

[14:21] {dino} of course it is larisa, of course

[14:21] {larisa} scary :)

[14:21] {Threei}  that's when we murder Freddie Kruger (sp?), right?

[14:21] {larisa} or he gets us

[14:21] {nemo} Ya' can't kill Freddy

[14:21] {Threei}  ok... Jason then

[14:22] {nemo} Na' they just resurrected him for another movie

[14:22] {dino} jason is the 13th

[14:22] {dino} kruger was funny

[14:23] {nemo} Probably when the movie comes out

[14:24] {dino} kruger was nightmare on elm street. magoo lives on elm street

[14:24] {dino} put it together...kruger is magoo

[14:24] {nemo} The walrus is Paul

[14:24] {nemo} Actually Kruger is better looking

[14:25] {dino} and dino is a flintstone

[14:26] {nemo} I liked Betty

[14:26] {dino} kruger tho, he had a sense of humor

[14:27] {Threei}  wacthing RIM... doesn't sell much with this market drop

[14:31] {Threei}  oil 34?

[14:36] {nemo} the toilet just keeps running...and running...

[14:38] {dino} watching mcd, wmt, vz, gild

[14:38] {Threei}  RIMM is bounce ready

[14:39] {Threei}  mrket uptick should jump it

[14:41] {wulff} sh HIG @ 12

[14:42] {magoo} 'what entry u want rimm.40 area?

[14:43] {Threei}  if it loses .50, likelty to dive more

[14:43] {Threei}  impossible to tell the price, pretty much will depend on market bounce

[14:44] {magoo} 201 down

[14:45] {dino} whoosh down coming imo

[14:46] {Threei}  yup

[14:46] {Threei}  that's why I am not in rush to jump on these microbounces

[14:46] {Threei}  unless you are scalping for 5-10 cents in seconds, makes no sense

[14:46] {magoo} its sad really

[14:47] {magoo} 380 down..barely bounce..200 down again

[14:47] {Threei}  it is what it is... sad markets are followed by happy markets

[14:48] {Threei}  although this year it's mor like sad markets are followed by sadder markets, lol

[14:50] {larisa} at these levels traders think we must retest lows i guess. Big mistake by Geitner. Or it was done for a reason we do not know about :)

[14:51] {Threei}  just a PR disaster IMO

[14:51] {larisa} I agree

[14:51] {Threei}  hugely built up expectations

[14:51] {Threei}  "Tim be be terrific"...

[14:51] {Threei}  will be

[14:51] {Threei}  then sizzle

[14:51] {Threei}  and no steak

[14:58] {magoo} see any short setrups if IF we going down 400?

[14:58] {Threei}  gosh... everything

[14:58] {dptl} have a good evening all

[14:58] {Threei}  take care dp

[14:58] {cujo} see ya

[14:59] {magoo} c u dp

[15:00] {Threei}  OBAMA ADMINISTRATION MAY REPORTEDLY BE CLOSE TO LOWERING COSTS FOR THOSE WITH PROBLEM LOANS - UNCONFIRMED REPORT

[15:03] {Threei}  - Plan could aim to subsidize homeowner payments after a home value has been established and the homeowner has been means tested

[15:03] {dino} cya dp

[15:06] {Threei}  PALM is totally oblivious to market selling

[15:06] {dino} {7700

[15:08] {Threei}  frikin RIMM makes these scalpable moves but they are way faster than I could alert

[15:09] {dino} fafam screwy too

[15:09] {dino} afam

[15:09] {cujo} in Palm.52

[15:09] {Threei}  US AGRICULTURE COMMITTEE APPROVES PROPOSAL FOR CFTC TO SUSPEND CDS TRADES TEMPORARILY

[15:10] {Threei}  crap

[15:10] {Threei}  this was THE bounce on RIMM

[15:10] {cujo} dough

[15:10] {nemo} bounce on everything

[15:10] {magoo} chrissake scalp..rimm .33 to .58

[15:10] {cujo} doh i mean

[15:11] {_bobv} market bounce

[15:11] {Threei}  is it this CDS news that sent market flying??

[15:11] {nemo} damn things don't trade anyway, that's one of the problems

[15:11] {magoo} time of day is all

[15:12] {Threei}  nah

[15:13] {nemo} HS!

[15:14] {_bobv} I do not know what do you think guys but seems that sp support at this levels is very strong....

[15:15] {larisa} technical analysis are so controversial..

[15:16] {cujo} calling it a day. See you all tomorrow. 

[15:16] {Threei}  take care cujo

[15:16] {cujo} c ya

[15:16] {nemo} dog

[15:17] {Threei}  cool... democratic senator on CNN: there is a role for goverment in everytyhing we do

[15:17] {magoo} bye cuj

[15:18] {nemo} which senator

[15:18] {Threei}  missed the name

[15:19] {Threei}  glich or something close to that

[15:19] {Threei}  PALM... 9 is getting closer

[15:20] {dino} i'm starting to feel that this is a govt. conspiracy to grab power in every day business

[15:21] {Threei}  9!

[15:21] {Threei}  wulff

[15:21] {magoo} holy crap palm

[15:22] {wulff} sold 1/4 8.70

[15:22] {wulff} last I held

[15:23] {Threei}  and I begged you to hold for 9...

[15:23] {wulff} I did some

[15:23] {wulff} In HIG 12.06 though

[15:23] {Threei}  I don't see any news

[15:24] {Threei}  this explosion certainly looks news-caused

[15:24] {Threei}  nothing on wires though

[15:24] {_bobv} maybe a double bottom on sp futures vad

[15:24] {dino} ppt

[15:25] {Threei}  I still feel tomorrow should be green, and nicely green

[15:25] {larisa} how nicely ? +300 ?

[15:25] {magoo} rimm 

[15:26] {_bobv} ok guys, take care..bye

[15:26] {magoo} bye bobv

[15:26] {Threei}  take care bobv

[15:27] {wulff} Out for my last palm, or hold?250

[15:27] {dino} left?

[15:27] {Threei}  IMO, out

[15:27] {nemo} Well, if know news, program trading?

[15:28] {magoo} im believer of bank it

[15:28] {nemo} know=no

[15:28] {Threei}  on PALM? don't think so

[15:28] {nemo} in general...everything popped

[15:29] {nemo} Palm stayed relatively strong all day, but jumped with everhtying els @ 3:10

[15:29] {Threei}  anyone's guess

[15:29] {Threei}  market could react on this mortgage news

[15:30] {wulff} let's take vad $ and see what happens

[15:30] {nemo} FAS just keeps going

[15:36] {Threei}  you are still in HIG wulff, or took profit?

[15:37] {wulff} half out .25 half in

[15:37] {wulff} milking it

[15:37] {Threei}  ok... looks like we are double-topping

[15:41] {nemo} I'm off...P&Q

[15:41] {larisa} bye :)

[15:41] {Threei}  wow

[15:41] {Threei}  jeez

[15:42] {dino} this market is ridiculous anymore. it swings3% in half hour

[15:42] {wulff} is it fair to say vad you know what price you want to exit on every trade, DT ST or PT?

[15:43] {Threei}  not always

[15:43] {dino} isn't the long term yearly aberage somethong like 6%? we do that every other day

[15:43] {Threei}  roughly, yes,

[15:43] {Threei}  but market action changes things

[15:43] {dino} plunge protection team stepped up today

[15:43] {wulff} as it comes then. with faster buying etc.

[15:43] {Threei}  right

[15:44] {dino} what has changed from 3:00 pm -250 to 3:45 -30?

[15:45] {magoo} time of day...3:40

[15:45] {dino} no wonder nobody wants to hold for more than minutes

[15:45] {Threei}  I gues crisis is over and economy got cured

[15:45] {Threei}  move started at 3:10 mags

[15:45] {dino} as good as any reason imo

[15:46] {magoo} yeah

[15:46] {magoo} but second volly up 3:40

[15:46] {magoo} we finish dow green ill cut my wrists with a banana

[15:47] {Threei}  ok, and I'll eat my keyboard

[15:47] {wulff} PALM out .92 last 1/4

[15:47] {dino} heck magoo, green close i buy you a beer

[15:48] {dino} s&p and ndx only. screw the worthless dji

[15:48] {magoo} ill take one with n red too

[15:48] {wulff} out HIG +.30

[15:48] {dino} gj

[15:49] {dino} man i blew it, only 2 trades today. 2 for 2, but still i should hve been all over this

[15:49] {Threei}  I dunno dino... it came out of nowhere

[15:50] {dino} yeah, but this is what i get paid for

[15:50] {Threei}  and with every bounce earlier being sold into, was not an obvious decision to buy and hold this one

[15:50] {wulff} buy and hold 2 minutes

[15:51] {magoo} shows some strong dip buyers lurking

[15:52] {wulff} hig +another .10

[15:52] {dino} gj

[15:52] {wulff} no no it, not me

[15:53] {dino} ohhh mannnn i owe 2 beers if dji goes green

[15:53] {magoo} dammit..dino ate the last banana

[15:54] {fernp} lol

[15:54] {magoo} chrissake trade again...hit rimm .50 0ut .63

[15:54] {magoo} cant post ridiculous

[15:54] {magoo} just buy..put out sell

[15:55] {magoo} vad..u need to do a blog on the chrissake play

[15:55] {Threei}  lol

[15:55] {Threei}  this was quite amazing

[15:56] {Threei}  look at FAS

[15:56] {Threei}  what a difference one hour makes

[15:56] {magoo} cramer ptrob liquidated all his followers at bottom today AGAIN

[15:56] {Threei}  well... consistency, told ya...

[15:57] {Threei}  OK guys

[15:57] {Threei}  strong green day tomorrow

[15:57] {larisa} 4 more min, i want to see you eating your keyboard!

[15:57] {Threei}  thak you all, let's have a good relxing evening

[15:57] {Threei}  I'll tape it

[15:57] {Threei}  see you tomorrow

[15:58] {fernp} good evening

[15:58] {magoo} bye boss

[15:58] {larisa} bye and you can not have a cookie in a shape of keyboard :)

[15:58] {wulff} later all

[15:58] {dino} lol on cramer magoo

[15:58] {dino} cya vadster

[15:58] {dino} and wuff

[15:58] {magoo} GOING GREEN

[15:58] {magoo} -4

[15:59] {magoo} -2

[15:59] {magoo} 1 minute

[15:59] {Threei}  no way

[15:59] {magoo} -1

06[15:59] * Threei is off to buy new keyboard, just in case

[15:59] {Threei}  downticks

[15:59] {Threei}  whew

[15:59] {magoo} GREEN NAZ

[15:59] {Threei}  -8

[15:59] {Threei}  saved by the bell

[15:59] {larisa} :(

[15:59] {dino} capitulation was by many perhaps, cramer for sure

[15:59] {Threei}  but it was close

[15:59] {magoo} and magoo bananas

[15:59] {larisa} bye all

[15:59] {magoo} WOW

[16:00] {dino} take care all...as bret michaels would say; "good times"

Feb 11 2009

Today took real patience. Opening was unreadable to me, then no real trades were coming along, until finally RIMM formed real setup for a nice pop, nicely beyond scalping profits. Single trade made a day, the rest was not worth mention.

Session Time: Wed Feb 11 00:00:00 2009

[07:53] {magoo} morning

[07:56] {Threei}  Good morning

[07:56] {nemo} mornin'

[07:57] {Threei}  magoo, nemo :)

[07:57] {nemo} What's new?

[07:57] {Threei}  well... how about this to start the day:

[07:58] {Threei}  (EU) EU'S BARROSO: 'ECONOMY CAPITALISM' POSES A THREAT TO THE GLOBAL ECONOMY

[07:58] {nemo} Yeah, expect to hear alot of that

[07:58] {nemo} History repeating itself

[07:59] {Threei}  and economy socialism works flawlesssly I assume

[07:59] {Threei}  USSR is the most powerful state, and Cuba prospers

[08:00] {nemo} It's all relative.  You didn't know how bad you had it...well until you found out how well the Politburo and apparatchiks lived

[08:00] {Threei}  NY AG CUOMO REPORTEDLY LAUNCHING INVESTIGATION INTO 2 BANKS ON WHETHER THE TIMING OF BONUSES 'FORCED' THE TAXPAPERS TO PROVIDE SUCH FUNDING

[08:00] {Threei}  {XLF}

[08:00] {nemo} what about xlf

[08:01] {ese} looks like a couple of ya hanging around

[08:01] {Threei}  attached at the end of the headline to indicate the headline's relation

[08:01] {Threei}  ese :)

[08:01] {nemo} how ya' feelin' ese

[08:01] {nemo} maybe it's a message from God to trade XLF today?

[08:02] {Threei}  everyone knew how those guys lived

[08:02] {ese} not good today......pain in left leg came back last night.....hard to sleep

[08:02] {Threei}  what we didn't know for a while or at least not to full extend was how West lived

[08:02] {ese} feel ok now though......now that i'm not lying down

[08:02] {Threei}  sorry to hear ese...

[08:02] {nemo} It's a process ese

[08:03] {ese} soldier on and all that.....cheree ho hip hip what ....and all that

[08:03] {Threei}  wehile to iron curtain was in pl;ace, information from the West was trickling through very sparingly

[08:04] {nemo} Yeah, I was in Germany the end of 88, and met a family who had just come from East Germany that week.  I took them around, they couldn't believe all the shops and all the goods.  It literally was like kids in a candy store

[08:04] {Threei}  yup

[08:05] {Threei}  those rare individuals who got to visit, were under strict obligation to share very little and to filter it to the ideological purposes

[08:06] {Threei}  no TV programs from the West, no papers, magazines

[08:07] {Threei}  some radio broadcasts that were scrambled by soviet authorities to the best of their abilities

[08:08] {Threei}  RIMM is hit

[08:13] {magoo} bounce play vad?

[08:13] {Threei}  as a concept yes... I don'ty see how their announcement warrants such drop

[08:14] {Threei}  what they said was, hliday sales exceeded the norm so they expewct to return to the norm

[08:14] {Threei}  only with better spelling

[08:15] {Threei}  guidance around midrange to lower end of the range

[08:15] {Threei}  is it really 6 dolars dump worthy?

[08:15] {hawkfan4} what stock?

[08:15] {Threei}  RIMM

[08:16] {hawkfan4} ah, thx

[08:16] {hawkfan4} oh yeah, good morning

[08:16] {Threei}  lol... hi

[08:21] {Threei}  .50 break mags, with stop under .30

[08:21] {Threei}  small shares of course

[08:21] {magoo} in .49

[08:22] {Threei}  not ready yet

[08:23] {magoo} yep

[08:23] {magoo} out

[08:23] {Threei}  BALTIC DRY BULK INDEX +4.1%, 17TH STRAIGHT INCREASE

[08:29] {Threei}  wow

06[08:29] * Threei is bidding $1 for RIMM

[08:30] {Threei}  at this rate I may get my fill before market open

[08:30] {Threei}  DEC TRADE BALANCE -$39.9B V -$35.7BE

[08:30] {Threei}  - Prior revised from -$40.4B to -$41.6B

[08:31] {magoo} 49.50 area vad?

[08:31] {Threei}  no idea

[08:31] {Threei}  how do you tell 49.50 from 50.50 in this thin premarket trading?

[08:34] {magoo} i cant...

[08:34] {magoo} was hoping u could

[08:35] {Threei}  if you want me to repeat for zillionth time that no technicals work during premarket... there, I said it

[08:36] {ese} missed the news on rimm....what is it

[08:36] {nemo} Oija board works great

[08:37] {Threei}  07:03am [RIMM] Reaffirms Q4 EPS $0.83-0.91 v $0.85e, R "at or near midpoint" of $3.3-3.5B v $3.4Be; Guides Q4 net adds 20% higher than the 2.9M prior forecast

[08:37] {ese} Ok   so the news is OK and it goes down.....hmmmmm yup thats normal

[08:40] {Threei}  REP. FRANK: I DO NOT THINK YOU WANT TO MOVE AWAY FROM MARK-TO-MARKET ACCOUNTING - CNBC

[08:41] {magoo} great

[08:41] {Threei}  there is no limit to the damage this guy can cause

[08:42] {Threei}  "fannie and freddie will do what I tell them to" Frank

[08:42] {Threei}  - You do not want politicians legislating accounting rules.

[08:42] {Threei}  - Looking for "flexibility" in the consequences of fair value accounting.

[08:43] {Threei}  flexibility in accounting - this sounds beyond scary

[08:43] {Threei}  DRYS ate through huge offer at .50

[08:44] {nemo} when you describe a stock that way, I envision a little pacman

[08:45] {nemo} drys

[08:45] {nemo} sorry

[08:46] {ese} ouch laris....thats gotta hurt

[08:52] {larisa} good morning :)

[08:52] {ese} morning

[08:53] {Threei}  larisa :)

[08:53] {fernp} morning all

[08:53] {ese} board didn't like you this morning

[08:53] {Threei}  fern :)

[08:53] {larisa} ese, threei :)

[08:53] {ese} fern

[08:53] {larisa} was my fault ese :)

[08:53] {dino} gm all

[08:53] {Threei}  dino :)

[08:54] {Onix} Good morning all

[08:54] {Threei}  onix :)

[08:54] {ese} onix

[08:55] {elepet} good morning

[08:55] {Threei}  elepet :)

[09:06] {Threei}  someone with deep pocket just woke up, turned computer on, fired up quotes, saw RIMM and grabbed all her could

[09:07] {magoo} how u know it was a woman?

[09:08] {cosmo} its a tradition

[09:08] {larisa} lol

[09:08] {cosmo} :)

[09:08] {Threei}  I don't... I just type he and hit r which is next to e on the keyboard

[09:08] {Threei}  or what cosmo said

[09:08] {cosmo} same thing

[09:09] {magoo} but u never hit "R" he he

[09:09] {patience} good morning RT  :)

[09:09] {Threei}  patience :)

[09:12] {KSystems} good morning!

[09:12] {Threei}  ks :)

[09:13] {_livia} good morning everybody

[09:13] {cujo} morning

[09:13] {Threei}  livia :)

[09:13] {Threei}  cujo :)

[09:13] {cujo} morning

[09:13] {Threei}  biggest question of today:

[09:14] {Threei}  was yesterday's selloff just a bervous reaction on a lack of details in Tim's plan

[09:14] {Threei}  or the market is seriously out of gas

[09:14] {Threei}  I tend to think former

[09:14] {Threei}  but let's watch it for the confirmation

[09:14] {Threei}  also, we have those bad bankers testifying today about how they wasted TARP I

[09:15] {Threei}  who knows what we hear from them

[09:15] {cosmo} banksters

[09:17] {cosmo} INSU healing  fwiw

[09:19] {cosmo} ... strong pre.mkt. technicals ....hehe

[09:19] {dptl} good morning all

[09:19] {pita} good morning troops

[09:21] {Threei}  dp, pita :)

[09:23] {Threei}  have smaller shares order prepared on RIMM in case something readable apears

[09:23] {magoo} me too

[09:24] {Threei}  so far 49.50 area has shaped up as support but opening panic could take it lower

[09:25] {Threei}  if there are a lot of MOOs pout there, they'll be taken advantage of

[09:25] {Threei}  pout = out

[09:26] {nemo} MOOs=herd cows

[09:26] {Threei}  pretty much

[09:26] {Threei}  market on open is technical definition :)

[09:26] {nemo} you'll see that reference in the book often

[09:26] {nemo} oh

[09:27] {vint} Good Morning all

[09:27] {Threei}  vint :)

[09:27] {Threei}  working assumption is so far: dive at the open on FAS and HIG, then quick rebound

[09:28] {Threei}  let's see if it materializes and if we can read the bottom

[09:28] {Threei}  don't route ARCA, laser traders

[09:28] {Threei}  use INET

[09:29] {nemo} is that Island

[09:29] {Threei}  yeah

[09:29] {Threei}  be patient, market is nervous

[09:29] {Threei}  better wait for our trades to come to us naturally than push

[09:30] {nemo} yeah, leading with my head has always hurt alot.

[09:30] {Threei}  HIG is selling

[09:31] {Threei}  wait for quick dive

[09:32] {Threei}  aslternatively, .50 break half lot, much riskier

[09:32] {_bobv} good morning

[09:32] {Threei}  bobov :)

[09:33] {Threei}  FAS sharp selling

[09:33] {Threei}  HIG too

[09:37] {nemo} Oh jeez...FAS

[09:37] {Threei}  HIG break setup is back

[09:38] {dino} sm l fdo .40

[09:39] {Threei}  FAS, quick drop under .50 for entry

[09:42] {dino} construction co. up

[09:48] {dino} rimm sm wide l .75

[09:48] {Threei}  if you took FAS on the dive to .50, half out here

[09:48] {Threei}  or just take scalp

[09:49] {dino} feels like +200 day

[09:50] {nemo} What's Larisa's opinion?

[09:50] {Threei}  feel free to take profit on HIG here if you took the break

[09:51] {Threei}  RIMM... feels like should lose 49.50

[09:51] {dino} sm dltr .65 l

[09:51] {Threei}  (FR) REPORTEDLY FRENCH GOV SEEKING TO REGULATE SALARIES OF TRADERS AND FINANCIAL OPERATORS

[09:51] {Threei}  I am not moving to France

[09:52] {Threei}  (CH) CHINESE REGULATOR: US TREASURIES REMAIN A SAVE HAVEN INVESTMENT

[09:52] {dino} obama on phone,"get me the ppt now!"

[09:52] {patience} but they're not buying anymore

[09:53] {Threei}  RIMM... one more quick leg down, and will be worth trying

[09:53] {dino} they are running out of money, hopefully they weren't buying yesterday, that would tell the tale

[09:54] {Threei}  for fast and furious only... and andrenalin-deprived

[09:54] {nemo} I'll mainline some valium

[09:54] {Threei}  closer to 49

[09:54] {Threei}  under most likely

[09:55] {Threei}  REPORTEDLY HOUSE AND SENATE MEMBERS TO MEET AT 3PM ET TO WORK ON STIMULUS PACKAGE

[09:56] {Threei}  BAC, watch for drop to 5.90 for long entry

[09:57] {Threei}  TARP BAILOUT WATCHDOG: HAS OPENED CRIMINAL INVESTIGATIONS, NOTES THAT LARGE AMOUNT OF FEDERAL BAILOUT FUNDING CREATES "CRIMINAL INCENTIVES"

[09:57] {Threei}  RIMM under 49

[09:58] {Threei}  accelerates

[09:58] {Threei}  if willing to make a few tries, get ready

[09:59] {magoo} .

[10:00] {Threei}  .50 crossback

[10:00] {Threei}  if holding .30

[10:00] {nemo} too late

[10:00] {Threei}  half out

[10:01] {Threei}  stop to under .50

[10:01] {magoo} out .90 TY

[10:01] {magoo} got 54

[10:01] {Threei}  wtg

[10:01] {cujo} nice

[10:01] {cujo} missed it :(

[10:02] {Threei}  {Threei} for fast and furious only... and andrenalin-deprived

[10:02] {Threei}  [09:54] {nemo} I'll mainline some valium

[10:02] {nemo} Guess it took effect to fast

[10:02] {cujo} yeah

[10:02] {Threei}  lol

[10:03] {larisa} does not look like capitulation still to me

[10:03] {larisa} guess i missed it :)

[10:06] {Threei}  BAC is holding well on this market dive

[10:08] {magoo} is barney bringin down the mkt jere?

[10:08] {cosmo} SVNT holds so far

[10:08] {magoo} here

[10:09] {Threei}  FAS, closer to .40 should be of interest again

[10:09] {cosmo} svnt... needs to hold .30

[10:12] {Threei}  ok... RIMM 48 break

[10:12] {magoo} in

[10:12] {cujo} in .05

[10:13] {Threei}  stop under .75 for now

[10:13] {Threei}  you remember it's a possible "multiple try" trade, right?

[10:15] {Threei}  market more weakness is holding it back

[10:15] {Threei}  by itself it's ready for a good bounce

[10:16] {nemo} after a fall like that probably needs to bounce on the bottom once or twice...then again wouldn't be the first time I was wrong today...or is that just "early" 

[10:16] {cujo} stopped

[10:16] {larisa} at least it tried to base this time

[10:17] {Threei}  it's ready

[10:17] {Threei}  just needs market to stop puking

[10:17] {Threei}  anyone took FAS under .50?

[10:23] {patience} out hgu (gold etf) +1.47

[10:25] {patience} foo, should have bought some silver wheaton as well, big move for it

[10:26] {larisa} nice patience :)

[10:27] {patience} ty, i keep thinking gold will pullback

[10:28] {dino}   dltr stopped

[10:29] {nemo} Vad, still have that RIMM bid for $1

[10:29] {magoo} this RIMM sell off is ridiculous

[10:29] {Threei}  volume starts drying up on RIMM

[10:30] {Threei}  watch market, RIMM has hard time going against it

[10:30] {Threei}  *DOE CRUDE: +4.7M V +2.6ME; GASOLINE: -2.6M V +500KE; DISTILLATES: -1M V -1.7ME;

[10:31] {nemo} what are gasoline futures doing?

[10:32] {patience} deciding

[10:32] {nemo} nice, patience...

[10:33] {patience} ok, puking

[10:33] {dino} 45 strike coming, rimm

[10:33] {dino} crazy

[10:33] {nemo} Geez what did the bankers say

[10:34] {cosmo} 'trick or treat'?

[10:34] {dino} rimm updates & raises guidance last month. analysts raise, now this month they say they will be at low end of raised guidance. so we sell it off 20%,

[10:35] {dino} anything (and everything) can happen

[10:35] {Threei}  RIMM HEARING LIGHTLY DEFENDED AT MERRILL/BOA (TIMING UNCERTAIN)

[10:35] {Threei}  lightly?

[10:35] {Threei}  not dropping with market anymore

[10:50] {Threei}  GS

[10:51] {Threei}  pullback under 93

[10:51] {Threei}  for long entry

[10:53] {Threei}  not much readable so far eh?

[10:55] {Threei}  are you all asleep?

[10:56] {cujo} tired...  but awake

[10:56] {nemo} no...just quiet

[10:56] {cujo} think i'm coming down with something... 

06[10:56] * nemo thinks Vad getting lonely

[10:57] {Threei} Long Setup:  STT  half lot .30

[10:57] {Threei}  too fast

[10:57] {nemo} yeah

[10:57] {Threei}  don't chase, watch for pullback

[10:58] {Threei}  support for a stop is .15

[11:00] {Threei}  GS is coming there

[11:02] {cujo} GS out +.20

[11:02] {cujo} thanks

[11:02] {Threei}  good reflexes

[11:02] {Threei}  OK, STT is back, watch market now

[11:03] {Threei}  stop is under .15 still, wether you chose afggressive entry or .30

[11:05] {Threei}  ECB'S STARK: PUBLIC FINANCES ARE A 'CONCERN' IN SOME MEMBER STATES, SOME EU FISCAL DEFICITS 'ALARMING'

[11:05] {Threei}  what's going on in europe...

[11:05] {Threei}  come on europians, share with us

[11:06] {nemo} your-a-peons?

[11:06] {nemo} sorry K

[11:06] {Threei}  STT lost support

[11:10] {magoo} time for my daily comment..."this market blows"

[11:11] {nemo} worthy of Charlie Gasparino

[11:11] {Threei}  for now

[11:11] {Threei}  quite a shock yesterday, still a lot of nervousness out there

[11:11] {Threei}  view it as some kind of churning

[11:12] {Threei}  just have to digest a lot of things before getting free

[11:12] {Threei}  all this bickering in Washington is not helful

[11:13] {cujo} think i'm going to pack it in for the day.  Have a good one guys.  

[11:14] {ese} blows what?

[11:14] {nemo} oh jeez are we bored?

[11:15] {Threei}  take care cujo

[11:15] {_bobv} guys, do you think maybe this is typical climax for a market bottom?

[11:15] {magoo} nope

[11:16] {magoo} im just looking foe a couple weeks BEAR mkt 'ally

[11:16] {Threei}  WSJ: WHITE AND CONGRESS ARE NEARING AGREEMENT ON A SMALLER STIMULUS PACKAGE NEAR $790B

[11:17] {Threei}  FAS, pullback into 8.70 for long entry

[11:19] {magoo} vader, any read AAPL?

[11:20] {Threei}  pullback under .50, I'd get interested... most likely .35-.40 area

[11:21] {Threei}  US TREASURY'S GEITHNER: UNDERSTANDS CONCERNS OVER LACK OF DETAIL, DOES NTO WANT TO 'RUSH PROPOSALS'

[11:21] {Threei}  no rush?? but don't we face catastrophe if we don't act TODAY?

[11:22] {_bobv} what a disaster

[11:22] {Threei}  HIG, pullback to about .50 for long entry

[11:26] {Threei}  ok, really pullback time

[11:26] {Threei}  for the world of me I can't make myself buy breakouts today

[11:29] {Threei}  US HOUSE AGRICULTURE CHAIR: CFTC SHOULD BE ABLE SUSPEND NAKED CDS SWAPS, PROVIDE REGULATORS CRIMINAL PROSECUTORIAL AUTHORITY

[11:29] {magoo} cant imagine why:)

[11:30] {magoo} out STT .75 TY

[11:30] {dino} gj

[11:30] {Threei}  what do you know... no pullbacks

[11:31] {nemo} after the slam down yesterday it doesn't want to go further

[11:33] {magoo} volume on the up spike vad....less on pullbk in Q

[11:35] {Threei}  FAS under 8.90

[11:39] {Threei}  sharper dive is coming it seems

[11:40] {Threei}  here it is

[11:40] {Threei}  FAS to about .80

[11:40] {Threei}  and HIG .60

[11:42] {dino} out fdo .84 +.44

[11:48] {Threei}  CONGRESSIONAL AIDE: ECONOMIC STIMULUS BILL TO TRIM TAX CREDIT TO $400/PERSON, 'BUY AMERICAN' UNDER REVIEW AND STILL IN NEGOTIATIONS

[11:48] {Threei}  - Sees stimulus bill at approx $790-800B

[11:48] {nemo} A congressional aide? BFD

[11:54] {Threei}  SENATE FINANCIAL BAILOUT BILL WOULD RESTRICT EXECUTIVE PAY TO $400K FOR ANY EMPLOYEE, NOT JUST TOP EXECUTIVES - WSJ

[11:56] {dino}  it's really a non-issue as options grants are unaffected

[11:59] {Threei}  WHITE HOUSE SPOKESMAN: GOOD PROGRESS IS BEING MADE ON NEGOTIATIONS OVER FINAL STIMULUS BILL

[12:00] {Threei}  feels like pullback is over and market is ready to resume upward

[12:03] {Threei}  WSJ: HOUSE MAY FORMALLY INTRODUCE COMPROMISE BILL TODAY FOR A FINAL VOTE TOMMOROW, SENATE LEADER REID TO PUSH FOR FINAL PASSAGE OVER THE WEEKEND

[12:04] {Threei}  GM

[12:04] {Threei}  TO REPORTEDLY END CERTAIN HEALTH CARE BENEFITS TO RETIREES NOW ELIGIBLE FOR MEDICARE

[12:04] {dawg} RIMM in .37 out .52  for crissake

[12:05] {Threei}  :)

[12:05] {Threei}  if my feel is right FAS should go back closer to 9

[12:05] {dawg} ).

[12:05] {dino}  gj dawg

[12:05] {dawg} ty dino

[12:06] {Threei}  in .83, stop .75

06[12:09] * Threei kicks FAS in the rear

[12:11] {Threei}  CHRYSLER REPORTEDLY IN DISCUSSIONS WITH BANKERS ABOUT A DEBT FOR EQUITY SWAP TO BE COMPLETED BEFORE FEB 17 - UNCONFIRMED REPORT

06[12:12] * Threei repeatedly kicks FAS in the rear

[12:12] {larisa} do not hurt your leg

06[12:13] * Threei kicks FAS in the rear with steel toe heavy duty army boots

[12:13] {Threei}  oops... I think I got the wrong side

[12:14] {larisa} stopped out HIG, did not take +.10. looks like no chance to get more than that today

[12:14] {Threei}  no kidding

[12:14] {Threei}  some new soundbite from somewhere

[12:15] {nemo} martians invading

[12:15] {Threei}  out FAS

[12:19] {dino} rate

[12:20] {vint} market has no direction today

[12:20] {Threei}  nope

[12:20] {Threei}  digests yesterday's shock

[12:21] {Threei}  and is pretty much lost about what's next

[12:22] {vint} will wait and watch

[12:25] {vint} Vad- could RIMM break up if mkt goes up? based on 5 mt chart

[12:26] {vint} or it will continuew prior trend-down

[12:26] {dino} indeed

[12:26] {dino} up

[12:26] {Threei}  I believe so vint

[12:27] {Threei}  market help though is fleeting thing today

[12:29] {Threei}  MOODY'S: US FINANCIAL STABILITY PROGRAM IS A 'POSITIVE' FOR US BANKS

[12:33] {pita} later all - hope mkt starts trending for you

[12:34] {Threei}  take care pita, dismal day

[12:44] {Threei}  sharp pullback RIMM

[12:44] {dino} axys blood

[12:48] {dino} risky sm l .45

[12:52] {Threei}  REPORTEDLY A MAGNITUDE 7.5 EARTHQUAKE REPORTED OFF THE COAST OF INDONESIA

[12:52] {Threei}  - Tsunami alert issued{TAYD }

[12:52] {magoo} this no bounce whartsoever in rimm blkows my mind

[12:55] {Threei}  holding well here

[12:56] {Threei}  watch for pullback entry

[12:58] {magoo} i mean..like a 4 point bnounce

[12:58] {magoo} to 51 ..52

[12:59] {Threei}  not in this market

[13:00] {Threei}  FED'S EVANS: US GDP WILL LIKELY FALL CONSIDERABLY IN THE FIRST HALF OF 2009, MAY BEGIN RISING AGAIN IN 2010

[13:01] {nemo} You mean they don't know?

[13:06] {dino}  blah, ba blah, ba blah...or as elaine would say "yada yadda"

[13:07] {Threei}  .56 RIMM long

[13:07] {vint} in .56

[13:07] {Threei}  .45 stop

[13:07] {Threei}  jeez

[13:08] {Threei}  get me out of here

[13:08] {vint} wow

06[13:08] * nemo hands Vad a 2 litre bottle of Grey Goose w/intravenous

[13:08] {Threei}  who said what where?

[13:09] {nemo} Here's a cultural reference, "Was that one lump or two?"

[13:10] {Threei}  market literally trips of itself

[13:10] {larisa} hey! 0.05 bounces DO work! :)

[13:10] {larisa} lol

[13:10] {Threei}  uhhu

[13:14] {Threei}  today I will have to side with magoo

[13:14] {Threei}  frustrating market

[13:14] {Threei}  but mags, it's a one time deal

[13:14] {magoo} vad..yesterday suk too

[13:14] {Threei}  next time I agree with you on anything is going to be in 2010

[13:14] {magoo} 2 winners in first 10 mins..thats it

[13:15] {nemo} there have definitely been more suck days since the beginning of the year.  It's averaging about 2 a week

[13:16] {nemo} Then again the other three have been killings, and, if I remember correctly...it was home run day after homerun day in the Fall

[13:16] {dptl} gonna finish on positive note...and see ya all tomorrow...have a good one all..

06[13:16] * Threei slaps dptl around a bit with a large roll of cash

[13:16] {magoo} u 2 dp

[13:16] {dptl} :)

[13:17] {Threei}  what kind of friend are you really

[13:17] {patience} this chaos has been good for my trading style

[13:17] {Threei}  we are suffering here, and he not only leaves but leaves with profit

[13:17] {nemo} Reminds me of a Steve Miller song...

[13:18] {dptl} :)

[13:21] {patience} back in hgu

[13:22] {larisa} patience, go on vacation, so chaos can stop for a while :)

[13:23] {patience} vad, take me to the bahamas please

[13:23] {larisa} lol

[13:23] {_bobv} jajaja

[13:23] {Threei}  that's a market for your trading stykle, not mine... so who is taking who

[13:24] {patience} i have so many more mouths to feed though

[13:31] {Threei}  uh oh

[13:31] {Threei}  Muzak filed for bankruptsy

[13:31] {Threei}  the only kind of music I understand...

[13:31] {nemo} Thank God!

[13:31] {patience} you are going to start singing in the elevator now?

[13:31] {Threei}  I hope they don't sop playing it in elevators

[13:33] {Threei}  if Lego goes out of business, I'll be left with no enetrtainment at all

[13:34] {Threei}  of course there are those books where you need to paint within the lines... but I have troubles with those

[13:35] {magoo} this mkts going RED

[13:43] {Threei}  IMF: NOT CHANGING GOLD SALE PLANS

[13:43] {Threei}  - Reminder on 4/7/08 IMF Board backed plan to sell 403.3 Tons from Gold holdings, sales would require approval from US Congress

[13:43] {Threei}  almost there... DJI is last one green

[13:44] {Threei}  PREVIEW: JAN MONTHLY BUDGET STATEMENT DUE OUT AT 2PMET

[13:44] {Threei}  **consensus expectation: -$78.0Be v +17.8B prior

[13:44] {larisa} cmon market, life is good and spring is coming! :)

[13:44] {dino} axys stopped

[13:45] {nemo} Miss sunshine

[13:45] {larisa} ty:)

[13:46] {Threei}  US SEN LIEBERMAN: SENATE BILL MAY CUT HOME BUYING TAX CREDIT TO $7,500 FROM $15,000

[13:46] {Threei}  great

[13:46] {Threei}  DJI red

[13:46] {Threei}  seems every time these guys open thier mouth it's a new whack on the market

[13:53] {dawg} RIMM in .98 out .10 small shares for crissake

[13:54] {Threei}  did the same, only with 1000... for the same reason

[13:54] {dawg} wtg Vadster

[13:54] {nemo} The Darkside strikes back!

[13:56] {cosmo} NICE wants more ... if she breaks 21.90

[13:56] {Threei}  AMZN, half lot short .60 break

[13:56] {Threei}  if stays below .70

[13:58] {Threei}  S&P REVISES U.S. SUBPRIME AND PRIME RMBS LOSS ASSUMPTIONS

[13:58] {Threei}  - Due to the generally poor outlook for the U.S. housing market, increased delinquencies and defaults, and residential inventory buildup, Standard & Poor''s is projecting that the underlying mortgage pools supporting subprime RMBS transactions issued in 2006 will experience aggregate cumulative losses ranging from 23% to 27% of the original principal balance, with an average of approximately 25%, and pools supporting transactions issued in 2007 will experience aggregate cumulative losses ranging from 28% to 32%, with an average of approximately 31%.

[13:59] {Threei}  5 cents, today's profit range per larisa

[14:00] {Threei}  JAN MONTHLY BUDGET STATEMENT: -$83.8B V -$78.0BE

[14:00] {Threei}  yikes

[14:03] {Threei}  AMZN 1:1 for crissssssake

[14:04] {dawg} )}

[14:04] {Threei}  lol

[14:04] {dawg} me too

[14:05] {Threei}  hawk, look dcc please

[14:05] {Threei}  market isn't dropping on that?...

[14:05] {nemo} it's been talked about forever

[14:09] {cosmo} NICE salmon

[14:10] {cosmo} well schooled

[14:11] {nemo} cute cosmo

[14:11] {cosmo} they have to be...

[14:12] {nemo} naother leg down coming?

[14:13] {Threei}  most likely

[14:15] {Threei}  looks like panic selloff in the making

[14:15] {Threei}  RIMM is likely to make new lows

[14:17] {Threei}  -10... what a carnage on RIMM

[14:18] {Threei}  laserdave, dcc

[14:28] {Threei}  sheesh

[14:28] {Threei}  anyone can read this?? :)

[14:28] {dawg} caugt spike in RIMM .91 to .38 small shares

[14:28] {Threei}  wow

[14:28] {Threei}  nice!

[14:28] {dawg} ).

[14:30] {Threei}  no way in the world I could see this spike coming

[14:31] {wulff} need to put your spikey hat on

[14:32] {Threei}  but, ever since I put spikes on inner side, it hurts

[14:32] {dawg} lol

[14:34] {wulff} kind of neutral here

[14:35] {Threei}  .50 break on RIMM?

[14:35] {Threei}  dawg?

[14:36] {dawg} i'll man up for that Vad

[14:37] {Threei}  not breaking yet... but trying

[14:37] {dawg} ).

[14:40] {wulff} c'mon girl

[14:40] {magoo} resort to violence vad

[14:40] {nemo} whip the bitch

[14:41] {nemo} oooh....sorry...got a little carried away

[14:41] {wulff} who has the spikey hat on?

[14:42] {Threei}  can you believe this?

[14:42] {nemo} reality sucks

[14:43] {magoo} it will rinse us..then pop 3 points

[14:43] {Threei}  anyway, this pullback gave us support level for a stop

[14:43] {magoo} in

[14:43] {dawg} in

[14:44] {wulff} allready in

[14:44] {Threei}  1:1 was easy

[14:44] {Threei}  can it do more, no idea

[14:45] {Threei}  half out .67

[14:46] {wulff} scalp

[14:48] {magoo} stock down 10 points..cant even get 20 cents

[14:51] {magoo} WHOOOOOOOHHOOO

[14:51] {Threei}  SENATE MAJORITY LEADER REID: NEGOTIATORS HAVE REACHED A DEAL ON STIMULUS BILL

[14:51] {dawg} out if full

[14:51] {Threei}  no

[14:51] {Threei}  I am tired of it

[14:51] {Threei}  I am holding

[14:51] {Threei}  .45 stop

[14:51] {Threei}  and I want it over 48

[14:51] {magoo} look at that spike

[14:52] {Threei}  that's a good spike

[14:55] {wulff} somebody put the hat away

[14:55] {Threei}  yessssss

[14:56] {Threei}  my a$$ is out 48.15

[14:56] {Threei}  +63

[14:56] {Threei}  .63

[14:56] {magoo} me too .13 YYYYYYYYYYYEEEEEEEEE

[14:56] {magoo} biggest gain of year

[14:56] {Threei}  jeez... took all day to get one worthy trade!

[14:57] {magoo} stay focused boss

[14:57] {Threei}  but it made day positive

[14:57] {nemo} yeah...well get your arm back over your shoulder

[15:03] {dino} lol only about 135 to go

[15:04] {nemo} looks like the euphoria might be wearing off

[15:05] {dino} chatter about m2m coming out again

[15:05] {cosmo} NICE test at 22.19

[15:09] {dawg} RIMM in .20 break out .38 small shares

[15:09] {Threei}  don't overdo it... market retreats :)

[15:09] {dawg} OK i'm done for the day

[15:14] {dino} gj dawg

[15:15] {magoo} GS takethe high vad?

[15:15] {dawg} ty dino

[15:15] {Threei}  feels so mags...

[15:15] {magoo} to me too

[15:16] {magoo} mkt help of course

[15:16] {patience} vad, is today a heavier volume day?  ty

[15:17] {Threei}  vs yesterday? no

[15:17] {wulff} go PALM

[15:17] {magoo} in out GS .22 - .61

[15:17] {magoo} that fast

[15:22] {Threei}  wait

[15:22] {Threei}  what do you mean saying

[15:22] {Threei}  [14:56] {magoo} biggest gain of year

[15:23] {Threei}  we had bigger trades

[15:23] {dino} not magoo 3i

[15:23] {Threei}  where was he then

[15:23] {magoo} how come no comment on my GS

[15:24] {magoo} asked u..took it

[15:24] {magoo} +.39

[15:24] {Threei}  well... we were jealous

[15:24] {Threei}  so we ignored you

[15:24] {magoo} oh..i can relate to that

[15:24] {Threei}  :)

[15:25] {dino} where is he ever

[15:28] {dino} xl

[15:29] {Threei}  important how we close this day

[15:30] {Threei}  if with rally, it bodes well for a very strong day tomorrow

[15:31] {magoo} if IF buyers show up...RIMM should see 49

[15:32] {wulff} sensei, anything in particular that made you keep RIMM for more than a scalp?

[15:32] {dino} if...a word in the middle of life

[15:32] {magoo} also in middle of..nifwitt

[15:34] {Threei}  couple things wulff

[15:34] {Threei}  one of course was it being down so much for what just doesn't seem to be any valid reason

[15:35] {Threei}  I meant haircut is fine,

[15:35] {Threei}  but beheading for merely return to normal sales after holiday spike?

[15:35] {Threei}  so there was kind of loaded spring in it

[15:35] {magoo} and not even 1 pre bounce before his call

[15:35] {Threei}  right

[15:36] {dino} rimm trades to 52 tomorrow

[15:36] {Threei}  and another, that .50 resistance,

[15:36] {Threei}  it held for so long absorbing so much buying

[15:36] {wulff} ok

[15:36] {Threei}  usually when a seller is finally steamrolled in such cases, stock has nice p;otential

[15:36] {Threei}  big seller is finally done

[15:37] {magoo} mr miogi

[15:37] {Threei}  providing he isn't back with more of course, lol

[15:37] {Threei}  but more often that's the end of a big chunck of selling

[15:37] {wulff} dump truck selling

[15:37] {Threei}  yes

[15:37] {Threei}  the concept here is,

[15:37] {magoo} 15:37] {magoo} mr miogi

[15:37] {Threei}  he has some huge block to sell,

[15:37] {magoo} how u know so much:)?

[15:38] {Threei}  so he is looking for a certain point

[15:38] {Threei}  where buyers are wqilling to take a lot

[15:38] {Threei}  he isn't lifting because he is not confident buyers will chanse,

[15:38] {dino} 3:40ish spike up coming

[15:38] {Threei}  and because at higher prices he will have more competition from other sellers,

[15:38] {magoo} its been real late dino...3:43

[15:39] {Threei}  so this equilibrium he found is kind of ideal combination: not many other sellers, and buyers are taking all he has

[15:39] {magoo} which stock vad??HE HE

[15:39] {wulff} complex

[15:39] {Threei}  we had similar situation last week or mabe one before that

[15:39] {Threei}  don't remember stockj

[15:39] {Threei}  hawk was with me on it

[15:39] {Threei}  I remember price... .15

[15:40] {magoo} palm

[15:40] {magoo} popped to .80

[15:40] {Threei}  seller just wouldn't budge, no matter how much buyers took

[15:40] {Threei}  then he was finallyu out, and a stock was up 20 cents or so in a blink of eye

[15:40] {wulff} seller meaning at the "ask"?

[15:40] {Threei}  right

[15:41] {Threei}  I remember that was ARCA

[15:42] {Threei}  what you want to see in such cases is stock pulling back shallowly from the resistance, immediately rreturning, hitting offer again and again

[15:42] {Threei}  exactly what you saw on RIMM today

[15:42] {Threei}  also, it's usually one guy

[15:43] {Threei}  all tohers are eliminated, he is holding the fortress singlehandedly

[15:43] {Threei}  while he is sitting there, some return to sell with him and get taken out right away, and he is alone again

[15:44] {Threei}  almoast always he is using reserve

[15:44] {wulff} yup

[15:44] {Threei}  all you see is 100-200 shares

[15:45] {larisa} stubborn stock was STT with seller at 23.15 :)

[15:45] {Threei}  wow.. thank you :)

[15:45] {larisa} yw

[15:46] {Threei}  you remember? or found it somewhere?

[15:46] {larisa} my notes

[15:46] {larisa} febr 03 

[15:46] {Threei}  okay then... makes me feel better that it's not my memory (which is admittedly barely enough to remember my name in the morning)

[15:47] {Threei}  but makes me think, I am being watched and documented

[15:47] {larisa} absolutely

[15:47] {Threei}  RIMM really trying

[15:56] {Threei}  CEOS AT CONGRESSIONAL HEARING WITH EXCEPTION OF CITIGROUP'S PANDIT NOTE THEY DO NOT PLANT O SEEK ADDITIONAL TARP CAPITAL

[15:56] {dino} good

[15:59] {Threei}  FAS is closing almost at high

[16:00] {wulff} ty for the education

[16:00] {Threei}  always

[16:00] {magoo} rough day..but green..tired

[16:00] {Threei}  okay guys

[16:00] {magoo} ty sensei

[16:00] {Threei}  tired but overall not unhappy with this day

[16:00] {nemo} P&Q

[16:00] {magoo} yup

[16:00] {magoo} gotta hunt all day

[16:00] {Threei}  thank you all for your patience

[16:00] {magoo} never know what shows up

[16:00] {Threei}  takes a lot of it to wait out unfavorable market

06[16:00] * larisa slaps Threei around a bit with a large trout

[16:01] {Threei}  hmmm

[16:01] {larisa} had to vent

[16:01] {Threei}  what was that for?

[16:01] {Threei}  oh

[16:01] {Threei}  kay then

[16:01] {Threei}  feel free

[16:01] {larisa} :)

[16:01] {Threei}  just send me something for bruises

[16:01] {larisa} lol

[16:01] {Threei}  have a good evening, see you tomorrow

[16:02] {vint} good evening Vad, see you tomorrow

[16:02] {vint} bye all

[16:02] {Threei}  yoo too

Feb 10 2009

Got a resfreshment on TARP I? Almost exact repetition of what happened back then. Fortunately, we made our winning trades early in the morning and largely sat out sharp unreadable spikes in the aftrenoon. Still, got some little scalps here and there, especially on FAS. 

Session Time: Tue Feb 10 00:00:00 2009

[08:04] {magoo} kkhhfekfakefhiekekjfhhea

[08:04] {Threei}  certainly

[08:04] {Threei}  good morning

[08:05] {magoo} is laser up and running..couldnt log in

[08:05] {Threei}  yes

[08:06] {Threei}  FAS sold off after market to 10.80s... shrugged and picked up 1500 shares

[08:06] {Threei}  it just didn't look right to me

[08:06] {magoo} ok..in now

[08:06] {magoo} fas..nice

[08:07] {Threei}  with Geithner plan coming

[08:07] {Threei}  gap seemed no brainer

[08:08] {Threei}  sold 1000

[08:08] {magoo} there are 2 themes out there currently...a sell the news reaction to events {as in todays announcemt} and the other that we are basing..holding..and due for a bear mkt rally for few months

[08:09] {Threei}  so very true

[08:09] {Threei}  my personal feeling, it's both

[08:09] {Threei}  initial reaction is sell the news as in shake out weak hands

[08:10] {Threei}  scare those who is not convinced yet

[08:10] {Threei}  then proceed with mind-boggling rally

06[08:10] * nemo says good morning

[08:10] {Threei}  nemo :)

[08:10] {hawkfan4} good morning

[08:11] {Threei}  hawk :)

[08:11] {Threei}  out 200 more .27

[08:11] {Threei}  300 left

[08:11] {hawkfan4} bac

[08:11] {Threei}  with stop under .20

[08:11] {nemo} figures I take a little nap after my morning sojourn...STUPID!!!

[08:12] {hawkfan4} making the early morning money, nice

[08:12] {elepet} good morning. 

[08:12] {magoo} sounds reasonable vad

[08:12] {Threei}  elepet :)

[08:13] {Threei}  look at this end of day and after market selloff on FAS

[08:13] {Threei}  what was that other than shakeout?

[08:13] {Threei}  anyone could seriously suggest that Geithner comes out and says, nah we are not going to do anything for banks?

[08:13] {Threei}  or that his proposal would be harmful for them?

[08:14] {Threei}  selling AFTER the plan announcement, OK, fine

[08:14] {Threei}  that I can understand

[08:15] {Threei}  butthat smackdown was nothing other than a gift

[08:15] {Threei}  BALTIC DRY BULK INDEX 8.8%, 16TH STRAIGHT INCREASE

[08:15] {Threei}  thought of taking DRYS home also and decided against it

[08:16] {Threei}  I mean, 15 increases in a row... odds get stacked against

[08:16] {hawkfan4} me too, i bot it at .58 and ditched it even in the after hours

[08:16] {Threei}  a bit high... we had .40 entry on it

[08:17] {hawkfan4} yeah, i took the scalp on that one

[08:17] {Threei}  :)

[08:17] {Threei}  that was one weird trade

[08:17] {Threei}  wait... peter is not here, I can say "wierd"

[08:18] {hawkfan4} lol

[08:19] {Threei}  thought of taking 5K FAS... risk control considerations of course kept me from it

[08:19] {Threei}  too bad, daty would be largely done, lol

[08:19] {Threei}  day

[08:20] {hawkfan4} You see HIG drop in after hours?

[08:20] {Threei}  yes but never found any reason for that

[08:20] {Threei}  there were cuts to rating

[08:21] {Threei}  but heck... these days it's not really a reason, lol

[08:29] {cujo} good morning

[08:29] {Threei}  cujo :)

[08:29] {nemo} ruff!

[08:30] {cujo} arf arf...

[08:31] {cujo} can't believe they canceled House last night for presidents speech...

[08:32] {nemo} arf arf?  Thought you were a rabid Saint Bernard, not a toy poodle!

[08:32] {cujo} ehh, its early.  

[08:32] {cujo} still waking up.  

[08:41] {Threei}  couple days ago SIRF appeared on a scanner,

[08:42] {Threei}  I looked, thought daily had this "bottom is in" look

[08:42] {Threei}  but it obiously was not a day trade

[08:42] {Threei}  and I had not much appetite for a swing trade on it

[08:42] {Threei}  too bad, lol

[08:43] {hawkfan4} wow, i didn't know it went that low

[08:43] {Threei}  yeah, quite amazing

[08:44] {Threei}  but look at GRMN

[08:44] {Threei}  formerly $70-80

[08:45] {Threei}  speaks volumes about the industry situation

[08:45] {Threei}  and if no hot demand for GRMN products, what's SIRF to do

[08:46] {Threei}  what time does Terrific Tim speak?

[08:47] {hawkfan4} i think 11 et

[08:47] {Threei}  ty

[08:47] {hawkfan4} not sure i read it right tho, checking

[08:49] {cosmo} i think its 'Tim Terrific'.....

[08:50] {Threei}  as in Ivan the Terrible?

[08:51] {nemo} Ivan the Strict?

[08:51] {cosmo} no .... an old time cartoon protagonist.... called tom terrific

[08:51] {hawkfan4} yep 11 

[08:53] {Onix} Good moring all

[08:55] {Threei}  onix :)

[08:58] {Threei}  FAS is right back into my yesterday's entry, lol

[08:58] {Threei}  illustrates the idea "if you bought for a gap, take the gap"

[08:59] {nemo} going for "twice is twice

[08:59] {Threei}  not sure

[08:59] {Threei}  I'll leav it alone for now

[09:04] {Threei}  DRYS is back

[09:04] {_bobv} good morning

[09:04] {Threei}  bobv :)

[09:05] {Threei}  FAS still hasn't found bottom

[09:05] {Threei}  am I glad I dumped it into morning gap

[09:06] {KSystems} morning!

[09:06] {Threei}  ks :)

[09:06] {nemo} Gruess Gott

[09:07] {KSystems} now THATS a cool nick

[09:08] {nemo} What's a cool nick?

[09:09] {KSystems} [15:07] * _ has joined #discussions

[09:10] {Threei}  lol

[09:10] {fernp} Hello everybody

[09:10] {Threei}  fern :)

[09:10] {KSystems} wow....oil's up today

[09:11] {magoo} back

[09:11] {magoo} nice out FAS vad

[09:11] {nemo} Hi Magus

[09:11] {Threei}  ty... not rushing back in

[09:12] {magoo} nemo:0

[09:12] {Threei}  not sure I understand what's happening here

[09:12] {magoo} yeah..this pullbk kinda goes against intial thoufgts

[09:12] {nemo} Bet your wife says that alot about you

[09:13] {Threei}  not lately... she decided it's not even worth a breath

[09:13] {nemo} Eh...everybody knows Geithner's coming, FAS has been running up.  Remember when Congress passed the first bail out.  When the act passed...look out beeeeelllllloooowwwwwww

[09:15] {Threei}  yes... but that was after

[09:15] {Threei}  this dump begings way too early

[09:15] {magoo} if mkt reacts badly vad...FAZ may be the ticket

[09:15] {Threei}  FAS is shortable

[09:15] {nemo} It's only a couple of hours before Geithner speak.  I remember things started getting creaky late morning

[09:15] {nemo} FAS oesn't show up as shortable to me

[09:16] {cosmo} it only has 3 letters...

[09:16] {nemo} and that means...what?

[09:16] {Threei}  ?

[09:16] {cosmo} ...sorry

[09:17] {Threei}  wehat do you mean doesn't sahow as shortable?

[09:17] {Threei}  just enter sell order solidly above the market

[09:17] {Threei}  11 or higher

[09:17] {nemo} Well...my setting make it so that any "shortable" equity appears in red.  I ain't got no read for FAS

[09:17] {nemo} read=red

[09:18] {nemo} got a DB?

[09:18] {Threei}  in laser?

[09:18] {nemo} in LASER, da.

[09:18] {Threei}  I didn't even know such setting existed, lol

[09:18] {Threei}  enter order

[09:18] {nemo} I'm not as dumb as I look.

[09:18] {Threei}  it ghoes through

[09:19] {nemo} LevelII}Trading Settings}Level II Style   bottom right hand box

[09:20] {magoo} its avail laser, but hey, FAZ could go to 50

[09:20] {Threei}  I have no idea what that setting means

[09:20] {Threei}  not sure you read it right

[09:20] {Threei}  but FAS is shortable

[09:21] {nemo} Well, wouldn't be the first time today I was wrong

[09:21] {Threei}  day goes well so far eh? :)

[09:21] {Threei}  HIG is solidly down

[09:22] {Threei}  be back in 5

[09:23] {dptl} good morning all

[09:24] {Onix} hi dp

[09:24] {dptl} :)

[09:25] {cosmo} VPHM

[09:26] {magoo} im gonna go smoke with vad..brb

[09:27] {Threei}  dp :)

[09:27] {Threei}  just a thought:

[09:27] {Threei}  maybe too many clued in on the pattern of trading during first TARP,

[09:27] {Threei}  and pattern reverses now,

[09:28] {Threei}  selling before the stimulus/TARP II, and ramp up after passage

[09:28] {Threei}  as it happens when pattern gets overexploited

[09:29] {nemo} So we sit for a few...

[09:29] {Threei}  I think so

[09:29] {ese} morning.....

[09:29] {Threei}  ese :)

[09:29] {Threei}  let's skip first minutes

[09:29] {Threei}  see what transpires

[09:30] {ese} was out NUAN yesterday even at the end of the day.....it did nothing

[09:30] {Threei}  prepare half lot HIG just in case we get sharp selloff

[09:33] {dino} pfg blood

[09:33] {Threei}  pullback is coming

[09:34] {Threei}  watching for entry FAS under .60 if holding .50, HIG around 14

[09:35] {Threei}  half lot HIG

[09:35] {cujo} in .06 HIG

[09:35] {Threei}  in .06

[09:35] {Threei}  half out .23

[09:36] {cujo} out .25

[09:36] {Threei}  missed FAS

[09:36] {dino} cat sm l .00

[09:37] {ese} L NTAP .09 sm

[09:37] {Threei}  out HIG in full .38

[09:37] {cujo} nice call.  Thanks Vad. 

[09:37] {Threei}  welcome

[09:42] {ese} out ntap .19 +.10  quick hit

[09:42] {Threei}  nice morning warm-up

[09:42] {buyemsellem} indeed

[09:43] {Threei} Long Setup:  STT  .80 break smaller shares, if holding above .60

[09:46] {Threei}  INTC

[09:46] {Threei}  CNBC'S : PLANS TO HIRE 7K HIGH WAGE WORKERS FOR $7B INVESTMENT PLANT

[09:46] {dino} ndx green

[09:46] {dino} comp too

[09:47] {magoo} in out STT out .94

[09:47] {magoo} TY

[09:47] {Threei}  1:1 STT

[09:47] {Threei}  half out

[09:48] {Threei}  stop under .75

[09:48] {Threei}  out in full.36

[09:49] {Threei}  +.54 or so

[09:49] {Threei}  wow, top-ticked it

[09:49] {nemo} How's the arm?

[09:49] {Threei}  rarely happens to me

[09:49] {nemo} more than twice a day?

[09:49] {Threei}  I am traditionally "out too soon"

[09:50] {nemo} not touchin' that one.

[09:50] {magoo} lok at my exit ..sigh

[09:52] {dino} wmt sm l .70

[09:55] {Threei}  feels like deeper pullback is coming

[09:58] {Threei}  one more sharp step down, IMO

[09:58] {Threei}  then bounce

[09:58] {Threei}  in terms of QQQQ, drop to .40

[09:59] {hawkfan4} cosmo, nice heads up VPHM

[10:00] {Threei}  DEC WHOLESALE INVENTORIES: -1.4% V -0.7%E

[10:00] {Threei}  - prior revised from -0.6% to -0.9%

[10:00] {Threei}  FEB IBD/TIPP ECONOMIC OPTIMISM INDEX: 44.6 V 44E

[10:00] {Threei}  economic optimism?

[10:01] {Threei}  okay then

[10:01] {nemo} It's relative. Like Braveheart...you have a choice of decapitation or disembowlement

[10:02] {dino} ahhh, now i understand

[10:06] {Threei}  price chart shapes up for upward thrust, but volume does not

[10:07] {Threei}  high odds of a trap, staying away

[10:09] {Threei}  REPORTEDLY, FUNDING FOR BAILOUT PACKAGE TO BE A LOWER END OF RANGES, FORECLOSURE MITIGATION MAY BE NEAR $50B V $50-100B PRIOR - UNCONFIRMED REPORT

[10:09] {Threei}  - $100B may be provided towards 'bad bank' public-private partnership

[10:09] {Threei}  - $100B for capital injections for banks

[10:09] {Threei}  - $100B to go towards expansion of TALF from $200B (expectations prior were to move TALF towards the $500B- $1T level)

[10:09] {nemo} Isn't 350 billion still left over from the first act?

[10:10] {Threei}  who is counting

[10:10] {Threei}  trillion here, trillion there

[10:12] {Threei}  trap that was

[10:13] {nemo} Not my point...they haven't even used the second half-of the first, and they're already appropriating the second under a sky is falling scenario...is the sky falling?  This thing is a typical spending bill drawn out over 10 years.  So either Congress can't write anything but their typical bill, or might there be a belief things are not as bad as they seem, but if we scare the manure out of them, we can 

[10:13] {nemo} throw more debt on their backs

[10:13] {ese} your hard earned tax dollars at work nemo......

[10:14] {nemo} ese dcc

[10:14] {fernp} BAC

[10:14] {Threei}  my understanding is, that ws about second half of that priginal 700B

[10:14] {nemo} yeah...and it hasn't been used

[10:14] {Threei}  so, that comment was about how they intend to use it

[10:15] {Threei}  what's wit BAC?

[10:16] {hawkfan4} no idea

[10:16] {fernp} no news here

[10:16] {Threei}  none here either

[10:18] {Threei}  starting to get interested in HIG again

[10:18] {Threei}  not enough of interest for entry yet

[10:18] {Threei}  has more downside

[10:19] {Threei}  prepare half lot

[10:19] {Threei}  sharp drop into 13.30 area feels to be it

[10:20] {Threei}  FAS, one more leg down and should be bounce-wrothy

[10:20] {magoo} mkts down 85

[10:22] {Threei}  FAS, in

[10:22] {Threei}  stop under .05

[10:23] {Threei}  out

[10:23] {Threei}  -.07

[10:23] {Threei}  grrrr. shake

[10:25] {magoo} gettin ugly out there

[10:25] {Threei}  HIG is ready for a drop

[10:25] {nemo} lookin in the mirror again Mags?

[10:26] {Threei}  actually, holding rather well, HIG

[10:27] {Threei}  .60 break smaller shares

[10:27] {Threei}  stop under .40

[10:28] {Threei}  under .45 is more precisehalf out

[10:28] {Threei}  umm

[10:28] {Threei}  half out

[10:28] {hawkfan4} vphm .25, stop .19

[10:29] {Threei}  scalpers take full

[10:33] {KSystems} livia!

[10:33] {KSystems} welcome ;)

[10:34] {Threei}  HIG, stop for the remaining shares to .55

[10:34] {Threei}  looking for exit above .90

[10:35] {dino} celg sm l .64

[10:35] {_livia} 'morning !

[10:35] {nemo} it's "whacka mole" trading until we get past Geithner

[10:36] {Threei}  hi livia, welcome

[10:36] {Threei}  lol nemo

[10:36] {dino} welcome liv

[10:37] {Threei}  so far so good... 3 out of 4, backing off a bit and watching how market reacts on Terrific Tim

[10:38] {nemo} see if FAS DBs

[10:38] {hawkfan4} GS big drop

[10:40] {Threei}  want a scary trade?

[10:40] {hawkfan4} kinda

[10:40] {cujo} sure why not?

[10:40] {Threei}  if market drops sharply, HIG .50 breakdown short

[10:41] {Threei}  smaller shares, .65 - .70 zone is a stop/invalidating level

[10:41] {dino} what time does the announcement/press start

[10:41] {dino} 11 or 12?}

[10:41] {Threei}  about 20 min from now, dino

[10:41] {dino} ty

[10:43] {cujo} you going to try this one Vad?

[10:45] {Threei}  took .49, got just 300 shares though, lol

[10:45] {Threei}  not going to add

[10:46] {cujo} yeah im in at .46

[10:46] {Threei}  either this miniscule position works, or I don't care much about stop of this magnigtude

[10:47] {Threei}  out

[10:47] {cujo} out

[10:48] {Threei}  about 15 min till Tim speaking

[10:52] {Threei}  what is killing DRYS today?

[10:54] {hawkfan4} egle, ocnf, gnk, all down today 10%

[10:57] {hawkfan4} stopped vphm -.06

[11:00] {nemo} maybe that financing deal for DRYS wasn't so good

[11:00] {Threei}  US TREASURY'S GEITHNER: FED TO EXPAND TALF TO $1T

[11:00] {Threei}  FAS spike

[11:01] {Threei}  TALF EXPANSION TO BE FUNDED BY TARP

[11:01] {Threei}  TOXIC ASSETS RELIEF FUND TO START AT $500B, COULD REACH $1T

[11:02] {Threei}  FAS pullback worth trying, keep it half lot

[11:02] {Threei}  under .50

[11:04] {Threei}  sharper drop is coming

[11:04] {Threei}  if you are scalping these moves, be quick

[11:05] {Threei}  if caught FAS, take scalp here

[11:05] {Threei}  let it pull back again

[11:05] {hawkfan4} whew, out .64

[11:06] {Threei}  - Public private fund will focus on legacy loan assets.

[11:06] {Threei}  - Notes that the TALF expansion will be assisted by funds from TARP by US Treasury; Fed TALF expansion would be in consultation with the Treasury. TALF collateral could include AAA commercial mortgage backed securities, mortgage backed securities and other asset backed securities.

[11:06] {Threei}  good move hawk

[11:06] {dino} markets not pleased

[11:06] {Threei}  no

[11:06] {dino} celg stopped

[11:06] {Threei}  BAC big down

[11:06] {nemo} AAA  ZZZ what's the difference?

[11:07] {Threei}  so's FAS

[11:07] {nemo} wow FAZ jumpe $2

[11:08] {nemo} $3

[11:08] {Threei}  EQUITY MARKETS SLIDE AS GEITNER RELEASE IS SHORT ON DETAILS, NOTES THAT TREASURY IS STILL WORKING OUT MECHANICS OF SEVERAL PROGRAMS

[11:09] {Threei}  I guess Tim wasn't so terrific after all eh?

[11:09] {nemo} details?  oy...

[11:09] {hawkfan4} Tim the Terrible

[11:10] {Threei}  OK... FAS 10 break long half lot if holding above .85 - .90

[11:10] {Threei}  keep stops as if your very life depended on it

[11:10] {Threei}  and don't touch these bounces unless willing to try a few times

[11:11] {nemo} of course my quotes screw up...

[11:12] {Threei}  no worky

[11:13] {Threei}  BAC is not making new lows with FAS

[11:13] {cujo} my system experiencing extreme slowness

[11:13] {cujo} market order took 5 sec to execute

[11:13] {hawkfan4} mine too, had to close esignal

[11:14] {Threei}  as if need quotes

[11:14] {nemo} hehehe

[11:14] {Threei}  runs fine here

[11:14] {nemo} yeah me too

[11:14] {dino} ok here

[11:15] {Threei}  that was "ask" if need quotes

[11:15] {dino} no mark to market changes

[11:15] {dino} ?

[11:15] {Threei}  no mention

[11:15] {cujo} got ya.  Quotes good on my side.  Execution was not so nice. 

[11:16] {Threei}  bad bank and mtm was what market wanted I'd guess

[11:16] {Threei}  HOUSE MAJORITY LEADER: STIMULUS NEGOTIATIONS COULD STRETCH INTO NEXT WEEK

[11:16] {Threei}  yikes

[11:17] {Threei}  anyone went for BAC?

[11:17] {dino} m2m was a big one

[11:17] {nemo} nah...that's a good thing.  They've got $350 billion to play with from the first act

[11:17] {Threei}  - Note that Senate passage of the Obama administration's stimulus bill is expected this afternoon. After passage of the Senate verision, House and Senate negotiators must reconcile the two bills in conference.

[11:19] {dino} that bill is nonsense waste, better to keep putting it off

[11:20] {patience} in crude etf HOU

[11:21] {Threei}  second break on FAS worked

[11:21] {dino} vz sm l .60

[11:23] {Threei}  pullback entry on FAS under 10.10, on BAC around .20-.30

[11:23] {Threei}  no way to give more precise prices

[11:25] {Threei}  in .05

[11:25] {Threei}  stop under .90

[11:25] {Threei}  BAC is coming there

[11:27] {Threei}  had sell FAS at .15, it topped out at .14

[11:27] {Threei}  US GEITHER: TO ANNOUNCE PLANS ON MORTGAGE FORECLOSURE PROGRAM WITHIN NEXT FEW WEEKS

[11:27] {cujo} yeah out .13

[11:28] {cujo} still a 1:1

[11:28] {dino} lncr

[11:30] {Threei}  market hates him

[11:31] {nemo} in the long run, that might be good economically

[11:31] {magoo} a sell the news

[11:31] {Threei}  it rather looks to me "we didn't get the kind of news we wanted"

[11:32] {nemo} It's my ball and bat, I'm going home!

[11:32] {dino} the big bounce last week was the talk of easing or suspending m2m

[11:32] {dino} we did not get it

[11:32] {nemo} so the banks are porked

[11:33] {dino} an accounting rule change 12 months ago is ruining the worlds' banking system

[11:33] {nemo} well CDO's that require the Rosetta Stone to figure out what's inside arent helping either

[11:34] {dino} they are still worth the discounted cash flows, not the current market, as there is no current buyer

[11:34] {nemo} well, at least DRYS looks like it's trying to bottom

[11:34] {Threei}  FAS is getting overextended here

[11:34] {Threei}  .30 break witgh stop under .20

[11:35] {Threei}  invalidated

[11:35] {nemo} corresponding volume on FAZ isn't hitting capitulation

[11:36] {Threei}  look at BAC

[11:36] {Threei}  sheer panic

[11:36] {nemo} Just like after TARP

[11:38] {Threei}  time for snapback

[11:39] {dino} not yet, imo

[11:40] {dino} neg. b-day coming

[11:40] {Threei}  in FAS with stop under 8.90

[11:40] {Threei}  got 9

[11:41] {Threei}  half out .22

[11:41] {Threei}  BAC .80 break

[11:41] {Threei}  stop .65

[11:42] {cujo} in .81

[11:44] {Threei}  half out

[11:44] {cujo} out .90

[11:45] {Threei}  out FAS in full .29

[11:45] {dino} mcd sm l .25 stop .96

[11:48] {Threei}  probably another leg down is coming

[11:48] {Threei}  not sure this time is worth trying for bounce

[11:48] {Threei}  I'll sit it out

[11:49] {hawkfan4} VPHM .06 stop .99

[11:50] {nemo} let's see...two strong up days Thurs. Fri., mixed yesterday, down today makes sense

[11:59] {dino} 7845-8314 new range it would seem

[12:01] {dino} wynn wants gap fill from thurs. close

[12:03] {Threei}  6 break BAC worth a try

[12:03] {Threei}  if holding above .85

[12:04] {cujo} Vad, on 5 min, is FAZ forming a flag?

[12:04] {Threei}  which of them? :)

[12:04] {nemo} faz

[12:04] {Threei}  which flag? bear or bull

[12:04] {cujo} sry, not too familiar with flags yet.  Just remember a previous call you had made

06[12:05] * dino slaps cujo around a bit with a large trout

[12:05] {dino} :)

[12:05] {cujo} ;)  

06[12:06] * dino slaps magoo around a bit with a large trout

[12:06] {nemo} just outta' curiosity, why trout?

[12:06] {dino} thought i heard him snoring

[12:07] {nemo} why not salmon, or mackeral, flounder?

[12:07] {dino} never updated nemo, i'm lazy

[12:07] {nemo} I thought there was something deeper :(

[12:08] {Threei}  (US) US TREASURY'S GEITHNER: LESSONS OF THE PAST ARE THAT GOVERNMENTS TEND TO UNDERESTIMATE THE COST OF FINANCIAL CRISES - CNBC INTERVIEW

[12:08] {dino} nah, i keep things simple

[12:08] {Threei}  is it a hint "we will be back for more"?

[12:08] {dino} not much going on in my head

[12:08] {nemo} I've got stuff falling off my head...

[12:11] {dino} you know, i think the lessons are that the regulators did not do their job

[12:12] {Threei}  yeah but at that point in time Tim played for the other team {G}

[12:12] {dino} of course

[12:12] {magoo}  Tim played for the other team {G}????

[12:12] {magoo} gAY??

[12:13] {nemo} Mags....

[12:13] {nemo} Vad...you know better than that

[12:14] {Threei}  if BAC triggers, won't be a scalp for me

[12:17] {Threei}  serious digestion here

[12:17] {Threei}  or should I say indigestion

[12:23] {Threei}  TREASURY'S GEITHNER: A STRONG DOLLAR IS IN THE BEST INTEREST OF THE US - NBC INTERVIEW

[12:23] {Threei}  do I see ghost of mr Snow?

[12:24] {Threei}  US ECONOMIC STIMULUS BILL PASSES SENATE PROCEDURAL VOTE

[12:27] {magoo} pretty ugly when america has even given up on the golden arches

[12:35] {Threei}  eerily quiet

[12:39] {Threei}  no way to tell which way this standoff resolves

[12:39] {Threei}  sitting it out

[12:39] {Threei}  US SENATE PASSES STIMULUS PLAN

[12:39] {nemo} just waitin' in the weeds, huh Vad?

[12:44] {magoo} dip buyers should give it a try 

[12:47] {hawkfan4} watching FAS for .11 break, stop 8.90

[12:49] {hawkfan4} in .13

[12:50] {Threei}  US TREASURY'S GEITHNER: NO FINAL JUDGEMENT HAS BEEN MADE ON WHETHER CHINA IS A CURRENCY MANIPULATOR OR NOT

[12:50] {Threei}  - Note that the next Treasury report determining currency manipulators comes out in April.

[12:50] {Threei}  sounds like threat

[12:51] {hawkfan4} stop to .99

[12:51] {nemo} nice hawk

[12:51] {dino} sm l fdo .90

[12:52] {hawkfan4} thx

[12:52] {Threei}  TREASURY OFFICIAL: US WILL PROVIDE LONG-TERM CAPITAL FOR US INSTITUTIONS TO BUY DISTRESSED AND TOXIC ASSTES

[12:52] {nemo} still watching the BAC trigger, VAD?

[12:52] {Threei}  too bad I am not a US institution... I would love nothing more to buy some toxic assets

[12:52] {Threei}  no

[12:53] {Threei}  6 is way too far from here

[12:53] {Threei}  need whole new consolidation

[12:55] {dino} cnbc getting serious now

[12:55] {nemo} Ironic Headline:  Bloomberg

[12:55] {nemo} Bloomberg Anywhere

[12:55] {nemo} Updated:  New York, Feb 10 12:54

[12:55] {nemo} London, Feb 10 17:54

[12:55] {nemo} Tokyo, Feb 11 02:54

[12:55] {nemo} Search

[12:55] {nemo} Symbol Lookup

[12:55] {nemo}

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[12:56] {hawkfan4} what are they saying dino?

[12:56] {nemo} sorry, it grabbed more than I thought

[12:57] {dino} sports illustrated swimsuit issue pictures

[12:57] {hawkfan4} lol

[12:57] {nemo} ahhh...no

[12:58] {Threei}  REMINDER: FED CHAIRMAN BERNANKE TO TESTIFY BEFORE A HOUSE COMMITTEE REGARDING THE FED'S LENDING PROGRAMS

[12:58] {dino} i guess another form of stimulus

[12:58] {nemo} subtle

[12:59] {Threei}  HIG may be interesting here if market starts creeping up

[12:59] {Threei}  .40 long if holding above .25

[13:00] {Threei}  FED'S BERNANKE: AMPLE LIQUIDITY FROM THE FED IS NOT A PANACEA

[13:02] {nemo} Oh no: J&J Ejaculation Pill, Worlds First, Wins European Approvals 

[13:05] {hawkfan4} stopped fas -.14

[13:08] {Threei}  - Fed funds rates have hit an "effective floor."

[13:08] {Threei}  - Encouraged by the market response to new liquidity instruments.

[13:08] {Threei}  - The commercial paper program has been successful.

[13:08] {Threei}  - Urges the creation of a special regieme for aiding at risk firms.

[13:08] {Threei}  - Plans to review disclosure of details of Fed lending.

[13:09] {wulff} you still in palm, vad? add any?

[13:09] {Threei}  no

[13:09] {Threei}  I posted yesterday trailing the stop to under 8

[13:09] {wulff} i see

[13:10] {Threei}  and we had an exchange about adding

[13:10] {Threei}  let me find it

[13:10] {Threei}  [15:23] {cujo} Vad, PALM break above 8.15?

[13:10] {Threei}  [15:24] {Threei} not sure cujo

[13:10] {Threei}  [15:24] {Threei} PALM kind of take backseat in this battle of bills

[13:11] {dino} out mcd .11 -.14

[13:11] {wulff} saw it

[13:11] {Threei}  although it comes into possible buying point

[13:11] {Threei}  but I'd like to see market stabilizing first

[13:12] {Threei}  not delighted by the idea of initiating long position for a swing into dropping nervous market

[13:12] {dino} felt the same

[13:13] {Threei}  the more these guys jawbone it, the less confidence market has in them

[13:14] {nemo} that was a short visit by Larisa...what did you do, Dino?

[13:16] {dino} nothing, i swear

[13:17] {nemo} So, we're basically back to last Wednesday?

[13:20] {dino} stopped fdo -.32

[13:20] {nemo} WOW

[13:21] {Threei}  and still dropping

[13:21] {Threei}  wow FAS

[13:21] {nemo} stomach just hit my tonsils

[13:21] {Threei}  US INTERIOR SEC: DELAYS OFFSHORE DRILLING PLAN THAT WAS ENACTED IN THE WANING DAYS OF THE BUSH ADMINISTRATION

[13:21] {Threei}  - seeking a comment period

[13:21] {nemo} be nice, Dino

[13:22] {Threei}  PRU

[13:22] {Threei}  MOODY'S PLACES RATINGS ON REVIEW FOR POSSIBLE DOWNGRADE

[13:22] {Threei}  - Review to focus on profitability and capital generation

[13:22] {dino} targets, 7845, 1199, 819

[13:23] {Threei}  GE

[13:23] {Threei}  CFO: NO LONGER USING FED'S COMMERCIAL PAPER FUNDING FACILITY, WORKING ENTIRELY IN OPEN MARKET

[13:24] {Threei}  -350

[13:26] {Threei}  another leg down is coming

[13:26] {Threei}  watching FAS

[13:27] {Threei}  too fast

[13:27] {Threei}  didn't really give a chance for double bottom entry

[13:27] {nemo} just that lone long tail

[13:27] {Threei}  IEA'S TANAKA: CURRENT OIL PRICE IS HELPING THE ECONOMIC RECOVERY; WILL LIKELY REVISE 2009 OIL FORECAST LOWER

[13:28] {Threei}  what recovery?

[13:30] {dino} uso 52 week low

[13:31] {larisa} wow, never leaving you again guys.

[13:31] {dino} aw shucks

[13:31] {Threei}  no kidding... Tim killed the market in your absence

[13:34] {wulff} XLE  half l .97

[13:35] {dino} ugh mcd and fdo much higher now

[13:36] {dino} sm l gild .45

[13:40] {dawg} Thanks Dino picked a ten cent scalp in GILD

[13:41] {dino} gj

[13:41] {dino} aPOL

[13:42] {Threei}  FED'S BERNANKE: 95% OF THE FED'S BALANCE SHEET IS EXTREMELY SAFE - Q&A

[13:42] {Threei}  - 5% has risk related to exposure to risk at big financial istitutions

[13:43] {nemo} Oh great, so there's only a 1 in 20 chance of a kaboom!

[13:48] {Threei}  glad we got our morning plays and cut down on activity after that

[13:49] {Threei}  avoiding yesterday's mistake

[13:49] {Threei}  would hate to fight for each cent in this mess

[13:50] {patience} exiting overnight hold of qid  +3.64

[13:50] {hawkfan4} aw cmon, this is lovely :)

[13:50] {Threei}  wtg

[13:50] {hawkfan4} wow, nice one

[13:50] {cujo} nice one patience

[13:50] {patience} took a guess

[13:50] {hawkfan4} good guess

[13:50] {cujo} good guess then...

[13:51] {patience} watch it's going to run this week, ahead of options expiry next week  lol

[13:51] {patience} i'm guessing, don't take me seriously

[13:52] {Threei}  too late

[13:52] {Threei}  I mortgaged out the house and bought all QID

[13:53] {patience} good, you're taking me to the bahamas with mrs. vad

[13:53] {Threei}  ummm... not if you guess wrong {G}

[13:53] {patience} trust me, i bought crude today   roflol

[13:53] {cujo} vad, will you miss any room time in Bahamas?

[13:54] {Threei}  a few days

[13:54] {Threei}  3 or 4

[13:54] {cujo} got it.. 

[13:57] {Threei}  FED'S BERNANKE: NOT ATTEMPTING TO 'PROP' UP HOME PRICES, GEITHNER PLAN WILL ENCOURAGE PRICE DISCOVERY

[13:57] {Threei}  anyone's scared of what they may discover?

[13:58] {Threei}  MICHIGAN SEN LEVIN: GM MAY MEET ITS FEB 17 RESTRUCTURING PLAN GOALS, A BANKRUPTCY FOR ANY AUTOMAKERS WOULD BE A 'NON STARTER'

[13:58] {_bobv} jajaja

[14:03] {wulff} went long palm .63 1 lot, a while ago

[14:03] {Threei}  wow DRYS

[14:03] {Threei}  is it planning to revist the low in 3s?

[14:04] {Threei}  NEW JERSEY REPORTS JANUARY CASINO REVENUES: ATLANTIC CITY CASINO REVENUE -9.4% Y/Y

[14:04] {hawkfan4} looks like it

[14:04] {Threei}  I'd say casinos fare much better than automakers

[14:04] {Threei}  FED'S BERNANKE: DEMAND FOR US TREASURIES REMAIN 'STRONG'

[14:05] {dawg} GILD scalp ty Dino +.12

[14:06] {dino} you dog you

[14:06] {dawg} .

[14:07] {Threei}  - believes Fed's losses from credit programs are likely very small, and profits from lending program will likely offset any losses.

[14:07] {Threei}  - says balance sheet increase has been carefully planned so that the Fed can eventually bring down the size of the balance sheet and begin raising interest rates as economic conditions improve.

[14:19] {cujo} USO just broke 52 week low

[14:19] {Threei}  - Wall Street has not responded well to the Treasury's announcement of its new Financial Stability Plan. More than one commentator has noted that there seemed to be more substance to the leaks coming out of the government overnight and earlier this morning that there was to Treasury Secretary Geithner's actual presentation. Before Geithner's 11amET announcement, the three leading US equity indices had been down modestly, roughly half a percent each.

[14:19] {Threei}  Shortly after the text of Geithner's speech was formally released stocks moved lower in unison with acceleration to the downside picking up following the conclusion of his remarks. Things have only gotten worse through the early afternoon. Shares of the biggest US banks have been hard-hit, with Goldman, JP Morgan and Morgan Stanley down more than 5%, Citi and WFC down more than 10% and Bank of America down more than 15%.

[14:20] {Threei}  - In his speech at the Treasury, Geithner seemed to indicate that whatever its final form, the administration is still working out the mechanics of how the Financial Stability Plan will work.

[14:21] {Threei}  feels like FAS is going to lose .50

[14:23] {dino} stability plan, lol. better off w/o it

[14:26] {dino} sm l uso, most likely swing .00

[14:28] {wulff} PLD ouch

[14:28] {Threei}  can you find anything that isn't ouch? :)

[14:29] {Threei}  except short ETFs

[14:29] {nemo} FAZ TZA

[14:29] {Threei}  {Threei} except short ETFs

[14:29] {patience} i still can't believe POT strength

[14:29] {nemo} in this environment, it's feeding off the call letters

[14:30] {Threei}  strength?

[14:30] {Threei}  what do I miss... it's down 1.30

[14:30] {Threei}  3.5 off day's high

[14:30] {patience} sorry, toronto is different, it's up 1.60

[14:30] {Threei}  wow, really?

[14:31] {patience} tsx stronger than u.s. exchanges

[14:31] {Threei}  FAS, if you believed me and shorted .50 break feel fee to cover

[14:32] {Threei}  US TREASURY SEC GEITHNER: CREDIT HAS SLOWED, AMERICANS HAVE LOST FAITH IN BANKING EXECUTIVES, JOB CUTS ARE ACCELERATING - CONGRESSIONAL TESTIMONY

[14:32] {Threei}  lost faith in banking executives?

[14:32] {Threei}  anyone ever had any?

[14:32] {cujo} long long time ago....

[14:33] {nemo} what cujo, you had a banking executive, or faith in one?

[14:33] {cujo} ha ha

06[14:33] * larisa slaps nemo around a bit with a large trout

[14:33] {cujo} use to have faith in them

[14:33] {cujo} now, not so much

[14:33] {nemo} tellers?

[14:33] {cujo} yeah, and the lady who would greet me at the door 

[14:34] {nemo} harder Larisa

[14:34] {_bobv} One question to all of you, I do not live on the US, but I want to know if the crisis is reflected on the streets and people around you..??

[14:34] {larisa} we do not get out much bob

[14:34] {Threei}  lol

[14:35] {dino} by me, people are tightening up, but most don't seem to see the depths the politicians are whinig about

[14:35] {Threei}  not where I live

[14:35] {Threei}  fancy yachts park at the harbor

[14:35] {nemo} Well...I have to drive north on 128/95 at afternoon rush hour several times a week.  It was always knwn as one of the busiest highways in the country.  It's 55-65 all the way.

[14:35] {Threei}  record number of cruise ships this year

[14:35] {dino} surprisingly, real estate has been holding up 

[14:36] {cujo} my neighborhood is a mess

[14:36] {cujo} rent and housing prices are not well

[14:36] {dino} i am northern poconos, resort type area

[14:36] {patience} vad, we have close to lowest unemployment in country

[14:36] {cujo} spending wayyy down as well

[14:36] {_bobv} interesting

[14:36] {Threei}  yeah

[14:36] {Threei}  I guess it's spotty

[14:36] {Threei}  depends on kind of industries in a particular place

[14:37] {cujo} dino, you by the old mt airy lodge?

[14:37] {Threei}  towns relying on automakers are hit hard

[14:37] {dino} banks here are having great years, lending up, etc. not involved in the cdo stuff. they are compklaining about govt help to the big boys. i.e. "not fair we should get the slack"

[14:38] {cujo} ave home price in detroit was something like 20K last i looked

[14:38] {dino} little over an hour north cujo

[14:38] {Threei}  20K?

[14:38] {cujo} yeah

[14:38] {cujo} will send article  one sec

[14:38] {Threei}  I don't want to live in Detroit... but this sounds like investment, lol

[14:38] {cujo} http://www.tribbleagency.com/?p=3598

[14:39] {dino} detroit=autos=layoffs=crime. that will be bad for awhile imo

[14:39] {dino} better worlds than that imo

[14:39] {cujo} Vad, you want to start a detroit real estate reit?

[14:39] {Threei}  I am too lazy for that

[14:39] {dino} been bidding n. myrtle condos last couple weeks; forclosures

[14:40] {cujo} how much a sq ft?

[14:40] {dino} 980 golf course, going for 125k. topped 250k

[14:40] {cujo} wow not bad

[14:41] {cujo} you a golfer?

[14:41] {dino} they go fast

[14:41] {dino} y

[14:41] {cujo} nice, big golf fan

[14:42] {dino} i have 2 places, sunset beach, 10 miles north

[14:43] {larisa} you married dino?

[14:43] {dino} yes 13 years

[14:43] {larisa} me too :(

[14:43] {larisa} :)

[14:43] {cujo} waiting to see what that new R9 looks like from Taylor made. 

[14:43] {dino} i like you larisa, you make me laugh

[14:43] {larisa} ty

[14:43] {nemo} Freudian slip I think

[14:43] {_bobv} jaja

[14:44] {dino} still on my erc II

[14:44] {nemo} what's an erc II?

[14:44] {dino} callaway

[14:44] {cujo} driver

[14:44] {nemo} oh

[14:44] {dino} y

[14:44] {dino} vsat blood

[14:44] {dino} fast

[14:45] {Threei}  nemo, look dcc pls

[14:45] {dino} wynn gap filled

[14:52] {nemo} FAS repeating it's pattern from yesterday. 

[14:55] {Threei}  notice, financials are weaker than the market overall

[14:55] {nemo} GEEZ FAZ up 25%

[14:55] {nemo} Wonder who had the stones to go long that yesterday

[14:57] {nemo} 3:30 'ally or shark?

[14:57] {Threei}  I say down

[14:58] {dino} yeah, feels like death

[14:58] {Threei}  -500 at the eod

[14:58] {dino} going for the -500

[14:58] {nemo} yeah...but I'm a pessimist by nature...goin' for the bottle

[14:58] {dino} markets figured out obama is not center, but really leaning to the left

[14:59] {nemo} How so Dino?

[15:00] {dino} inceasing entitlements; welfare, unemployment, heathcare, spending on everything but what he campaigned on

[15:00] {Threei}  KADIMA WINS MAJORITY IN ISRAELI VOTE

[15:00] {nemo} Well, he campaigned on universal health care, which is an entitlement

[15:01] {nemo} It was clear they'd have more of a personal focus on this spending bill

[15:01] {dino} also said he would balance budget, cut spending, increase infrastructure, etc

[15:01] {nemo} Having said that, maybe the markets are just pissed the banks aren't getting an immediate bail out

[15:02] {dino} don't really see that happening tho. if it was, they would be trading up

[15:02] {dino} but, time will tell, no matter really.

[15:02] {nemo} 2012

[15:03] {dino} 2010, the house vote

[15:03] {nemo} no 2012...mayan calendar

[15:04] {dino} lost me

[15:04] {nemo} world is supposed to end

[15:04] {dino} well then, nothing matters, spend like crazy

[15:04] {nemo} I use it as a pick-up line

[15:04] {larisa} works?

[15:05] {nemo} when they're drunk enough so they can't think or really see what I look like-yeah

[15:09] {larisa} DRYS waking up, will it lead the market :)

[15:10] {Threei}  into abyss? sure :)

[15:10] {larisa} lol

[15:10] {nemo} hehehehehehe

[15:10] {Threei}  I think I went over 30 stocks over last 5 min

[15:11] {Threei}  can't find any worthy trading candidate

[15:11] {Threei}  same pattern holds... make your money in the morning, then sit sand look pretty

[15:11] {Threei}  which is only half option for me

[15:12] {Threei}  I mean I can sit...

[15:12] {nemo} It's all relative Vad just sit a bulldog next to ya'

[15:13] {nemo} I took the mirrors out of the house, myself

[15:18] {larisa} can I get free month in the room if we close above 8000 ?

[15:19] {Threei}  US TREASURY SEC GEITHNER: TODAY WAS FOR 'OVERARCHING' DESCRIPTION OF PROGRAM, DETAILS WILL FOLLOW, TODAY WE ARE "BEGINNING OUR CONSULTATION" WITH CONGRESS

[15:19] {Threei}  - says the new plan is fundamentally different from the Paulson plan; we will be guided by "what will work and what will engender confidence.

[15:19] {dptl} have a good evening all

[15:19] {Threei}  take care dp

[15:19] {cujo} c ya

[15:19] {larisa} bye dp

[15:19] {nemo} So, get rid of the fed, blow up Congress...

[15:19] {dino} basically saying "we are just throwing stuff at the wall"

[15:20] {nemo} Who the hell knows what will work in this environment

[15:20] {dino} gild stopped .54, +.09

[15:21] {cosmo} what ever bails you out

[15:21] {cosmo} ... that works

[15:22] {dino} 7845, 1199, 819 feb. lows

[15:22] {dino} opps 1167, 812

[15:24] {dino} s&p -6% from yesterday hod, dji, ndx -5%

[15:26] {dawg} FAS +.19 for crissake

[15:26] {Threei}  nice

[15:26] {dawg} ty Vad

[15:26] {dino} gj

[15:26] {dawg} ty dino

[15:29] {Threei}  should give one more bounce

[15:31] {Threei}  DNDN

[15:31] {Threei}  CEO: DATA FROM PHAS III STUDY RAISED NO RED FLAGS FOR PROVENGE

[15:32] {nemo} downard wedge on FAS

[15:34] {Threei}  scalped DNDN from .70

[15:35] {larisa} nice

[15:37] {Threei}  -400

[15:37] {larisa} why do you want to be right threei?

[15:37] {Threei}  that's my second nature, sorry

[15:37] {Threei}  highly irritating

[15:39] {Threei}  last bounce FAS?

[15:39] {larisa} STT +.20  -.15 scalps HIG +.15 -.10 . Too funny

[15:40] {nemo} interesting sense of humor :)

06[15:42] * larisa optimist and waiting for a bounce to close above 8000

[15:43] {Threei}  whew

[15:43] {Threei}  .98 - .18

[15:43] {Threei}  not for faint heart

[15:43] {larisa} gj

[15:43] {Threei}  above 8000?

[15:43] {larisa} yes

[15:43] {Threei}  okaaayyy...

[15:44] {cosmo} naz?

[15:44] {larisa} LOL

[15:45] {cosmo} only a matter of time

[15:45] {larisa} I am too old to see that :)

[15:45] {Threei}  and creative accounting

[15:46] {cosmo} just a good idea

[15:49] {cosmo} ... like: mirrors just make it look like there's more smoke....

[15:49] {_bobv} or pray lol

[15:49] {dino}  larisa's winning

[15:49] {Threei}  not by my quotes... unless they are wrong

[15:50] {larisa} too many stubborn  threeis holding market down :)

[15:50] {Threei}  lol

[15:51] {_bobv} larisa maybe your dreams can come true in the next 10 minutes

[15:52] {Threei}  0

[15:52] {larisa} bob, you are too new to know : I have POWERS

[15:52] {Threei}  8

[15:52] {Threei}  no way

06[15:52] * Threei smakcs the market over the head with 2x4

[15:52] {dino} lol

[15:52] {dino} she's like a vamp, puts you under her spell

[15:53] {Threei}  7

[15:53] {Threei}  down boy, down

[15:53] {nemo} scary...is your family from the Altai Larisa?

[15:53] {_bobv} lol

[15:53] {Threei}  from Transilvania, according to dino

[15:53] {nemo} that would make her Romanian

[15:54] {dino} dead in dixie

[15:54] {Threei}  Vlad the Impaler is her grandgrand

[15:55] {Threei}  (US) PRESIDENT OBAMA: NATIONALIZATION OF US BANKS WOULD NOT MAKE ANY SENSE - BBC INTERVIEW

[15:56] {cosmo} maybe then just the Fed

[15:56] {Threei}  4

[15:57] {Threei}  giving up yet larisa?

[15:57] {nemo} Laaaaaarrrrrrriiiisssssaaaa

[15:57] {larisa} Looks like this is a mans World still

[15:57] {nemo} Reminds me of a joke

[15:58] {Threei}  only quality men {G}

[15:59] {nemo} Big guy gets up in the morning tells his wife to put on his jeans.  She says, there so big I'm swimming in them.  He says, you just remember who wears the pants in the family!!!  So, wife says to him, "Why don't you try on my jeans."  He says, "I can't even get half a leg into them."  She says, "That's right.  And if you ever want to get in my pants again...you remember who's boss!!!

[16:00] {larisa} my point was different:)

[16:00] {Threei}  lol

[16:00] {Threei}  okay guys... quite a day

[16:00] {Threei}  thank you all

[16:00] {Threei}  have a good evening

[16:00] {nemo} I know, I was being supportive outside of my usual boorish behavior

[16:00] {Threei}  see you tomorrow

[16:00] {nemo} P&Q

[16:01] {larisa} happy i missed most of it, see you later :)

[16:01] {_bobv} bye

[16:02] {cosmo} hmm... its end day

[16:03] {cujo} c ya all tomorrow.